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Fed Holds Rates as Inflation Slows | San Jose News
Description
The Fed just paused rate hikes, keeping rates steady at 5.25%–5.5%, a signal that inflation is cooling and the economy’s holding steady. Homeowners breathe easier—mortgage rates may stabilize. Businesses get a bit more breathing room to plan. While no rate cuts are promised yet, officials hint at possible cuts next year if inflation and jobs keep improving. It’s a cautious, hopeful pause—watching, waiting, and hoping for a gentler economic landing.
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