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مصراوي
Fed May Pause Rate Hikes After Inflation Data
The US inflation rate has fallen by less than expected, increasing the likelihood that the Federal Reserve will keep interest rates unchanged at its upcoming meeting. Recent data shows a slowdown in personal consumption expenditures, rising only 0.3% in August compared to the projected 0.4%. This slowdown reduces the chances of a 0.25% rate hike, with market expectations dropping from about 70% to 30%. The decision also depends on other data such as employment figures and the labor market, with ongoing inflation slowing expected to further boost the chances of maintaining current interest rates in the upcoming meetings.
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