Category: federal reserve articles
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Federal Reserve likely to leave interest rates unchanged
The Federal Reserve is not expected to cut interest rates Wednesday as inflation persists. CBS News contributor J.D. Durkin breaks down the data.
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US Federal Reserve holds interest rates steady as inflation ticks up
Fed announces it will keep interest rates at 5.25% to 5.5% as rate of inflation remains above target of 2%The Federal Reserve announced on Wednesday that it is holding interest rates steady at 5.25% to 5.5%, their highest level in two decades, as inflation continues to dog the US economy.Though some had hoped the Fed would soon cut interest rates, which are at their highest level since 2007, the annual rate of inflation has stubbornly remained above 3%. The Fed’s target rate is 2%. Continue...
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With mixed economic signals, the Federal Reserve is likely to stand pat on rates
The Federal Reserve is expected to hold interest rates steady this week — and possibly for months to come — as policymakers try to sort through mixed signals about the U.S. economy.