One thing holding back a Fed rate hike? Low inflation

As the Federal Reserve concludes its July meeting, many expect it won’t announce a hike in the interest rate. One big thing that factors into that decision is inflation. One of the Fed’s mandates is to keep prices stable – to prevent rampant inflation. Raising interest rates can help, but the Fed has been in a holding pattern waiting to see whether economic growth is enough to spur inflation, too.

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