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Markets Await Fed Decision on Steady Rates
Markets are closely watching the Federal Reserve's decision in its first meeting under Chair Kevin Worsh, amid expectations of keeping interest rates unchanged after a period during which inflation rose to over 4% in May, the highest level in three years. The future direction of monetary policy is considered dependent on inflation fluctuations and the impact of international developments such as the de-escalation agreement between Washington and Tehran and the reopening of the Strait of Hormuz, with some forecasts suggesting a possible increase in interest rates if inflationary pressures persist.
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