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Fed Holds Rates as Inflation Cooldowns | California News
Published 5 days, 13 hours ago
Description
The Fed holds rates steady for the third straight time, keeping borrowing costs high as inflation cools but still above their 2% target. While savings rates may stay strong and recession fears linger, officials are watching job market trends and economic data closely — ready to act if signs point to a stronger recovery or deeper slowdown. For now, it’s a pause — and a waiting game.
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