ISTANBUL Expectations that the US Federal Reserve could soon begin cutting interest rates are increasingly being pushed back as persistent inflation risks, resilient economic data and rising energy prices linked to geopolitical tensions cloud the outlook for monetary easing. Investors anticipated the Fed would begin easing borrowing costs in the first half of the year after a prolonged tightening cycle that lifted the federal funds rate to a range of 3.5% and 3.75%. But the central bank has

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