Fed Hesitates But Inflation Won’t Wait | Virginia Beach News

The Fed’s patience is wearing thin as inflation stubbornly clings to levels above their 2% target for over five years. While they’re expected to hold rates steady this week, whispers of a surprise “shock rate hike” in September are growing louder — especially as Wall Street bets against a move now but leans heavily on September. With global tensions flaring in Iran, oil prices surging, and AI-driven spending pushing costs higher, the Fed faces a complex balancing act. Chair Jerome Powell has made it clear: zero tolerance for inflation, and waiting isn’t an option. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f04b4b002c028cd1