Concerns that the Federal Reserve will have to lift interest rates again or keep them at a 22-year high for an extended period weighed on investor sentiment Wednesday as traders await the bank’s latest policy decision.
While inflation has dropped from the eye-watering levels seen in the middle of last year, thanks to a long-running campaign on monetary tightening, a fresh spike in oil prices has caused a headache for officials as they try to bring prices under control.
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