💬 Opinion 1d ago · Michael Faulkender and Jeff Schlagenhauf, opinion contributors

Hold the rate. The Fed can't pump oil.

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Hold the rate. The Fed can't pump oil.
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The Federal Reserve opted to maintain interest rates between 3.75 percent and 4 percent during its recent meeting, a decision supported by analysis suggesting that recent inflation was primarily driven by energy costs rather than widespread economic pressure.

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