Federal Reserve holds interest rates steady despite inflation
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What the 3 sources said
“Fed holds interest rates steady even as inflation remains high”
The U.S. central bank left borrowing costs unchanged this month after hiking rates in September for the first time in three years.
Read at CBS News“US Fed holds interest rates steady as inflation runs hot”
The US Federal Reserve held interest rates steady on Wednesday in a 10-2 vote, as officials opted for patience amid lingering inflation concerns. “The committee believes that the accumulation of more information will help it determine the policy stance appropriate to ensure a timely return of inflation to the 2 per cent goal. The committee will achieve price stability,” Fed chairman Kevin Warsh told reporters. Fed governor Lisa Cook and Cleveland Fed president Beth Hammack voted against the…
Read at The National“Federal Reserve holds interest rates steady in face of persistent inflation”
Federal Reserve officials held interest rates steady on Wednesday despite stubborn inflation. The central bank's Federal Open Market Committee (FOMC) voted 10-2 to keep the benchmark federal funds rate range at 3.75 percent to 4 percent. Fed Governor Lisa Cook and Beth Hammack, the president of the Federal Reserve Bank of Cleveland, dissented in favor...
Read at The Hill“Federal reserve holds interest rates steady despite high inflation”
The Federal Reserve held interest rates steady on Wednesday after raising borrowing costs in September to clamp down on inflation. CBS News' Kelly O'Grady breaks it down.
Read at CBS News“Federal Reserve holds interest rates steady despite inflation”
The Federal Reserve has decided to hold interest rates steady despite high inflation. CBS News' Kelly O'Grady has more.
Read at CBS NewsWhat the reports add
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