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Fed Holds Rates Steady Amid Inflation Concerns | San Diego News
Description
The Fed holds steady on rates for the third straight time, keeping borrowing costs between 5.25% and 5.5%, signaling patience as inflation remains stubborn and the economy shows resilience. Consumers and businesses brace for no immediate relief on mortgages or credit cards, while the Fed watches key economic indicators closely—employment, spending, and inflation—before deciding whether to ease up or tighten. Price stability is their top priority, and they’re playing it safe for now.
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