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28.10.26 - 19:15
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Federal Reserve holds interest rates steady in face of persistent inflation (The Hill)
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Federal Reserve officials held interest rates steady on Wednesday despite stubborn inflation. The central bank's Federal Open Market Committee (FOMC) voted 10-2 to keep the benchmark federal funds rate range at 3.75 percent to 4 percent. Fed Governor Lisa Cook and Beth Hammack, the president of the Federal Reserve Bank of Cleveland, dissented in favor......
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28.10.26 - 18:03
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Inflation Isn′t Finished With Us... And We Should Be Worried (ZeroHedge)
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Inflation Isn't Finished With Us... And We Should Be Worried
Authored by Peter Reagan via BirchGold.com,Today we're going to talk about the good, the bad and the ugly.No, I'm not referring to the classic Clint Eastwood spaghetti western (although, if you haven't watched it recently, you should! It really holds up.)I'm talking about inflation. And if you're wondering how inflation can possibly have a "good" side, you'll understand in a moment.I'm afraid we're going to start with the bad news, though. And it's bad enough that I think everyone - especially anyone planning for retirement - ought to pay attention...The bad: Wholesale inflation is surgingOn October 15, Reuters reported that producer prices had increased by the largest amount in four and a half years.Economists surveyed by Reuters expected the Producer Price Index (PPI) to increase 0.5% in September.Instead, it jumped 1.3% in a single month - more than two and a half times the expected increase.According to the Bureau of La...
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