Fed Likely to Hold Rates Steady For Now, But More Hikes Could Come if Inflation Stays High
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Fed expected to hold interest rates steady despite strong economic data recently
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Inflation remains high at 3.4% in September, well above Fed's 2% target
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Jobs market and consumer spending have remained resilient despite rate hikes so far
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Fed officials feel more rate hikes may be needed if economy stays strong and inflation doesn't ease
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Markets don't expect further rate hikes soon but Fed wants to avoid falling "behind the curve" on inflation