Stubborn Inflation Could Prod Fed to Keep Rates High for Longer
Hopes for substantial cuts in interest rates are fading as inflation shows more staying power than expected.
![Stubborn Inflation Could Prod Fed to Keep Rates High for Longer](https://static01.nyt.com/images/2024/04/26/multimedia/26dc-pce-qcth/26dc-pce-qcth-mediumSquareAt3X.jpg?#)
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