Business & Economy · 1 views

Federal Reserve holds rates steady but signals possible hike before year’s end

Open markets committee says ‘economic activity is expanding at a solid pace’ in first meeting under new chair Kevin Warsh US stock market…

Source Guardian AI Summary Updated 7h 14m ago

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Open markets committee says ‘economic activity is expanding at a solid pace’ in first meeting under new chair Kevin Warsh US stock markets dropped on Wednesday afternoon after the Federal Reserve left interest rates unchanged and signaled a possible rate hike before the end of the year. The Fed was widely expected to keep rates at a range of 3.5% to 3.75%, where they have remained since December. The decision was unanimously supported by the Fed’s voting committee. Continue reading...

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