WATCH: Analysts predict the Central Bank will announce another interest hike as soon as this afternoon.
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Interest Rates: Will the Federal Reserve pause, hike, then pause again?Inflation cooled considerably from last June through June this year. But the Fed might raise rates in July to keep driving inflation down further.
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The Federal Reserve, ExplainedThe Federal Reserve is central to the U.S. economy today, but its power has been built over decades. Its decisions can lower inflation or spark a recession. WSJ
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