Federal Reserve Maintains Two-Decade High Interest Rates Amid Stubborn Inflation
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#2140b79c ver:1.02

The Federal Reserve maintains two-decade high interest rates due to stubborn inflation, keeping rates steady at 5.25% to 5.5%. The decision reflects a shift from previous projections of rate reductions, potentially impacting President Biden's re-election bid. Despite a healthy economy and strong hiring, concerns about stagflation persist. The Fed expresses optimism that inflation will decrease, but cautious approach continues. The Fed also announces a slower pace of unwinding COVID-era policies. Wall Street initially reacts positively, but stock prices later erase gains. #FederalReserve #InterestRates #Inflation #Economy...

#newstr #FederalReserve #InterestRates #Inflation #EconomicGrowth #RateCuts #TreasurySecurities #MortgagebackedBonds #UsEconomy #UnemploymentRate #ConsumerSpending 

 https://here.news/story/2140b79c?ver=1.02