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Fed Holds Rates as Inflation Cools | Concord News
Published 6 days, 4 hours ago
Description
The Fed just paused its rate-hiking campaign, keeping interest rates steady at 5.25% to 5.5%, signaling patience as inflation cools but remains above target. With borrowing costs higher for homes and businesses, the central bank is watching data closely before considering cuts — possibly two next year — balancing inflation control with recession risk. Stay tuned: the economy’s next move could reshape everything.
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