Fed Keeps Rates Steady Despite ‘Elevated’ Inflation
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The Federal Reserve voted Wednesday to keep benchmark interest rates steady, despite persistent concerns over inflation. The decision holds the target range for the federal funds rate at between 3.75 percent and 4 percent, where it has been since the rate was hiked a quarter percentage point in September.
In a statement accompanying the decision, the Fed cited positive domestic spending, productivity, and capital investment trends, while conceding that “inflation remains elevated.” Two Fed me
In a statement accompanying the decision, the Fed cited positive domestic spending, productivity, and capital investment trends, while conceding that “inflation remains elevated.” Two Fed me
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