Market fears Fed will likely delay interest rate cut

Market fears Fed will likely delay interest rate cut
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The US Federal Reserve’s plan to cut interest rates may face a delay as market fears grow due to rising inflation. The recent increase in US inflation has put pressure on gold prices, signaling concerns among investors. Anticipation of an interest rate cut had fueled hopes of economic stimulus. However, the higher inflation numbers have made investors skeptical, leading to a reevaluation of the expected timeline for the rate cut. The market will be closely watching the Federal Reserve’s upcoming decisions and announcements for further clarity on the situation.

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