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The Inflation Battle May Not Be Over

An uptick in some prices could mean higher rates for longer
Tim Murray Capital Markets Strategist, Multi‑Asset Division
T. Rowe Price,  October 2023

Key Insights

  • US inflation has declined from its June 2022 peak, leading some to speculate that the Fed could soon switch to a more accommodative monetary stance.
  • We believe that an upward trend in some inflation categories, such as energy, could mean higher interest rates for longer than expected.

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