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Will the most recent interest rate hike lower inflation to needed levels?

Earlier this month, the Federal Reserve raised interest rates by another quarter of a point (0.25%), in its most recent maneuver to continue to stave off the effects of still-high inflation levels on the United States economy and get inflation down to 2%. Yes, inflation is trending down, but many economists have indicated it is not occurring at a swift enough pace.
United States Paul Bingham Federal Reserve Transportation Consulting Newsroom Notes

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