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Fed holds interest rates steady, signals it is not ready to start reducing rates

Por: Fox Business Business February 01, 2024

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Policymakers have raised rates sharply over the past year in the hopes of crushing inflation and cooling the economy. The on Wednesday held interest rates steady for the fourth straight time and cracked open the door to reducing rates later this year if inflation continues to subside. The widely expected decision left interest rates unchanged at a range of 5.25% to 5.5%, the highest level in 22 years.  Policymakers also made substantial changes... + full article



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