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Fed Steers Clear of Interest Rate Hike Amid Inflation Fears

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The Federal Reserve has made its interest rates call as inflation is stoked by AI and oil.

Karin Caifa reports that the Fed held interest rates steady after a cliffhanger meeting, indicating no immediate action to combat rising prices.

This decision comes as the US economy grapples with increased costs due to advancements in artificial intelligence and rising oil prices.

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