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Federal Reserve Maintains Interest Rates at Highest Level
Published : 21-09-2023 - Duration : 00:30 - View : 8
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The Federal Reserve held interest rates steady at their September 2023 meeting, keeping the target fed funds rate between 5.25-5.5%, the highest in about 22 years. Fed officials revised their economic growth forecast for 2023 to 2.1% GDP growth, above their previous estimate, indicating a recession is not seen as imminent. Inflation remains above t...
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