US officials consider rate hikes amid war
American Federal Reserve officials have stated that they are considering the possibility of raising interest rates in the future due to the ongoing rise in inflation, which has increased as a result of the Middle East war and its impact on the energy sector. They indicate that continued disruptions into the second half of the year could lead to broader effects on inflation, with expectations of increasing the benchmark interest rate from its current range of between 3.50% and 3.75%.
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