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America In Focus: key inflation gauge remains high; Fed’s Warsh signals rate hikes may be needed

Inflation continues to pressure the Federal Reserve as prices rose 3.7% in July, matching June's figures and exceeding the 2% target. Fed Chair Kevin Warsh suggests that interest rate hikes may be on the horizon, impacting consumers facing...

AP News· Aug 29, 2026 · 6:21 PM · 27 views

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Inflation continues to pressure the Federal Reserve as prices rose 3.7% in July, matching June's figures and exceeding the 2% target. Fed Chair Kevin Warsh suggests that interest rate hikes may be on the horizon, impacting consumers facing higher costs at the grocery store and gas station.

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#news #inflation #FederalReserve #economy #breaking

Originally reported by AP News. Read the full story →

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