Fed faces split on interest rate hikes

The U.S. Federal Reserve is experiencing a division over the future direction of interest rates, despite expectations to keep them unchanged at the July meeting. Concerns are mounting about a potential resurgence of inflation due to rising oil prices and demand linked to artificial intelligence. The Fed chairman, Kevin Warsh, emphasizes that inflation is still being monitored and that the task is not yet complete, while some officials prefer to wait for additional data before making new decisions. Analysts worry that price pressures may persist, with markets closely watching for any future signals regarding monetary policy.

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