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If you think the U.S. Federal Reserve is about to turn dovish, think again. Despite not raising its benchmark interest rates at the June meeting, the Fed remains focused on taming inflation.
If you think the U.S. Federal Reserve is about to turn dovish, think again. Despite not raising its benchmark interest rates at the June meeting, the Fed remains focused on taming inflation. “Not a single person on the committee wrote down a rate cut this year, nor do I think it is at all likely to be appropriate if you think about it,” Fed Chairman Jerome Powell said during his press conference earlier this month. According to data released by the Bureau of Labor Statistics, the U.S. consumer p