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Fed Holds Rates as Inflation Lingers | Miami News
Description
The Fed holds steady on rates for the fifth straight time, keeping borrowing costs high as inflation still lingers above their 2% target. They’re playing it safe—like a chef tasting soup—waiting for clearer signs prices are cooling before cutting rates. This pause means home and car loans stay expensive, while the Fed balances fighting inflation without sparking a recession. Three rate cuts by year-end are still on the table—if the economy behaves. Watch the data; the Fed’s strategy is flexible, but patience is key.
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