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Federal Reserve Maintains Interest Rates, Citing 'Lack of
Published : 02-05-2024 - Duration : 00:37 - View : 551
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The Federal Reserve held its benchmark interest rate steady between 5.25% and 5.5% after its May policy meeting, opting not to cut rates. The Fed noted a "lack of further progress" in reducing inflation and said a rate cut was inappropriate until the price rises move sustainably toward the 2% target. The Fed did ease the pace of reducing its $7.4...
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