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Fed Holds Rates as Inflation Lingers | Newark News
Description
The Fed holds rates steady for the third straight time, keeping them at 5.25%–5.5%, signaling caution as inflation remains above target. While economic cooling is underway, officials are watching closely before moving — balancing recession risks with inflation control. Businesses and consumers brace for uncertainty, while projections hint at three potential cuts next year — but only if data cooperates. Patience is the keyword: the Fed’s mission remains price stability, and they’re not rushing.
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