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Story summary
- Federal Reserve policymakers are expected to keep the key interest rate unchanged at the Oct. 27-28 meeting.
- U.S. President Donald Trump renewed his effort to fire Fed governor Lisa Cook after the June Supreme Court block.
- Inflation has run hotter than expected for months, keeping the Fed’s 2% target out of reach since late 2020.
- The 30-year mortgage rate hit a three-year high of 7.4% this month, then fell to 7.32%.