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Federal Reserve signals extended high-rate cycle as inflation risks persist
The Federal Reserve reaffirmed its higher-for-longer policy stance, lifting US yields and pressuring emerging-market currencies and interest-sensitive sectors.
Federal Reserve officials reiterated their stance on keeping interest rates higher for longer, citing persistent inflation pressures and uneven labor-market cooling. The guidance led to upward movement in US Treasury yields, creating spillover effects for emerging markets, including pressure on the Indian rupee and valuation risks for IT exporters.