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Fed Holds Rates Steady Amid Cooling Inflation | Los Angeles News
Description
The Fed just paused again—holding rates steady at 5.25% to 5.5%, a third straight no-hike, as inflation cools and the economy steadies. Businesses and consumers breathe easier: borrowing costs may stay flat, easing pressure on mortgages and car loans. With projections hinting rates could hold through 2024, the Fed’s taking a cautious, measured path—balancing inflation control with economic stability. Watch this space.
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