Federal Reserve will hold interest rates despite inflation and market expectations due to political pressure

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The Federal Reserve, under Chairman Kevin Warsh, will likely choose to hold interest rates at its upcoming meeting, despite Wall Street's expectation of a quarter-point hike following recent CPI data and worsening inflation. This decision is influenced by President Trump's desire for lower rates and the Fed's reluctance to incur public wrath, especially with significant oil shocks from Houthi attacks on Saudi infrastructure and upcoming midterm elections. This inaction is seen as a political mov