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Story summary
- Federal Reserve (Fed) Chair Kevin Warsh must decide whether to raise rates after hotter-than-expected inflation data.
- Core CPI rose 0.3% and headline inflation 0.4% in August, leaving inflation 3.4% above a year earlier.
- President Donald Trump urged Warsh to cut rates ahead of the Nov. 3 midterm election.
- The 10-year Treasury yield hit 4.95% early Friday as rates rose since Warsh took office.
