Will the Federal Reserve not cut interest rates in May, making this year uncertain?
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The Federal Reserve is not expected to cut interest rates at the May meeting, despite the slowdown in the U.S. economy and market expectations for action from the Fed. Jim Bianco, founder of the renowned research firm Bianco Research, pointed out that persistent high inflation puts the Fed in a dilemma. U.S. core inflation has exceeded 3% for 46 consecutive months, far above the 2% target, and a rate cut could be seen as neglecting inflation, leading to a rise in bond yields
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