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The Federal Reserve's Response to Soaring Inflation: A Potential One-Point Rate Hike on the Horizon
The recent surge in inflation has set off a wave of concern among economists and market watchers alike. The latest data reveals that June's inflation rate has reached an alarming 9.1 percent, a figure that underscores the severity of the current economic situation. This drastic rise in inflation pressures the Federal Reserve (Fed) to act decisively to prevent the economy from overheating and to control price increases.