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"The new Federal Reserve News Agency": The Federal Reserve is likely to raise interest rates next week, but a single rate hike will not solve the problem.

A majority of economists see the Federal Reserve holding interest rates steady at this month’s meeting and through the end of 2027, according to a Bloomberg survey.

Elevated Inflation Keeps Pressure on Fed to Raise Rates

Citigroup: It is expected that the Federal Reserve will raise interest rates in September and will shift to cutting rates by mid-2027.