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With U.S. inflation speeding up again, should the Federal Reserve raise interest rates to bring prices down?

A report released October 14, 2026, showed U.S. consumer prices accelerated sharply from the prior month — a jump analysts tied to the months-long Iran war — sending the Nasdaq and Russell 2000 down about 2%.

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With U.S. inflation speeding up again, should the Federal Reserve raise interest rates to bring prices down? — Groundbeat