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Fed Holds Rates as Inflation Battle Continues | Texas News
Description
The Fed holds steady on interest rates for the third straight meeting, signaling caution as inflation cools but hasn’t hit their 2% target. While they’ve been aggressively raising rates to tame decades-high inflation, they’re now in a holding pattern — watching closely to avoid economic fallout from higher borrowing costs. Rate cuts may come next year, but it’s not guaranteed — the Fed is waiting for data on inflation, jobs, and growth before moving again. For now, patience is key as they balance cooling the economy without triggering a downturn.
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