Business & Economy · 4 views
Fed holds interest rates steady even as inflation remains stubborn
Federal Reserve Chairman Kevin Warsh and his colleagues voted to hold their benchmark interest rate steady Wednesday. The central bank had raised rates in September, in an effort to curb persistent inflation.
Summary
Federal Reserve Chairman Kevin Warsh and his colleagues voted to hold their benchmark interest rate steady Wednesday. The central bank had raised rates in September, in an effort to curb persistent inflation. North America hide caption The Federal Reserve opted not to raise interest rates Wednesday, but signaled that it's not retreating from the fight against stubborn inflation.
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