Fed forgoes interest rate cut as inflation lingers
Source: Washington Examiner · Bias: Center Right
Summary
The Federal Reserve voted Wednesday to hold its interest rate target steady as inflation remains elevated. After a two-day meeting in Washington, the Fed’s monetary policy committee announced it would hold its rate target at a range of 3.50% to 3.75%. Investors had expected that outcome, but President Donald Trump has pushed hard for more aggressive rate cuts. The central bank has not […]
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