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Recently Updated: May 03, 2026

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US Fed Official Warns of Rate Hikes

A US Federal Reserve official warns that interest rate hikes may be needed if inflation surges due to the Middle East conflict, causing price shocks and fuelling inflation.

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A US Federal Reserve official has warned that interest rate hikes may be necessary if inflation surges, citing concerns over price shocks from the Middle East war. This comes as four out of 12 voting members on the Federal Reserve's rate-setting committee dissented against its latest policy statement.

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The US Federal Reserve, led by Jerome Powell, has decided to keep the key interest rate unchanged at 3.5%–3.75%, citing high uncertainty and inflation concerns. This decision has significant implications for the US economy and financial markets.

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The US Federal Reserve has made its latest interest rate decision, impacting the US economy. The decision has significant implications for Americans, from borrowing costs to job market stability. As the Fed navigates economic challenges, its choices affect the global economy.

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