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US Fed likely to pause again with rates at 22-year high
The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday (Nov 1), as it looks to tackle inflation without damaging the resilient US economy. Analysts and traders parsing recent Fed speeches overwhelmingly expect the US central bank to hold rates steady for the second meeting in a row as it looks to return inflation to its long-term target of 2 per cent. "Fed commentary has all but confirmed that the Fed will stay on hold in November," Bank of America economists wrote in a recent note to clients. Interest rate hikes slow down inflation by raising the cost of borrowing ... (full story)