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Fed Holds Rates as Inflation Fight Continues | San Diego News
Description
The Fed holds steady on interest rates for the third straight time, signaling caution as inflation cools but hasn’t hit their 2% target. While borrowing costs stay high—impacting mortgages, loans, and business investment—the central bank remains focused on long-term price stability. No rate cuts are promised yet, but officials hint at possible moves next year depending on economic data. The message? Patience is key in the fight against inflation.
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