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Institutions: Rising prices are the primary concern for American consumers. The Fed's decision not to cut interest rates is correct.
The Fed's decision to maintain its policy under pressure to cut interest rates is wise, as public concerns about rising prices continue to outweigh unemployment issues. Although inflation has fallen below 3%, consumers remain focused on future price trends, and business leaders plan to raise prices once the economic environment becomes clearer, with inflation risks being higher than unemployment risks.
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