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Federal Reserve officials see risks of higher inflation ahead, support pause in rate cuts

Federal Reserve officials at a meeting last month pointed to rising risks that inflation could worsen, a key reason they kept their benchmark interest rate unchanged



Federal Reserve officials maintained the benchmark interest rate at 4.3%, noting risks of higher inflation from tariffs, migrant deportations, and strong consumer spending. They are cautious about further cuts, seeking more inflation progress. This reflects economic uncertainty and aims to stabilize borrowing costs.

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