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Fed Holds Rates as Inflation Cools | Concord News
The Fed just paused its rate hikes, keeping interest rates steady at 5.25% to 5.5%, signaling a cautious wait as inflation cools but still overshoots their 2% target. With the economy holding strong, officials stress they’ll only consider cuts if data shows consistent price stability. Businesses and consumers brace for uncertainty — a brief reprieve amid ongoing cost pressures. While one more hike this year remains a possibility, the Fed’s next move will hinge entirely on incoming data, walking a tightrope between controlling inflation and avoiding economic damage. Listen in comfort:Get a…
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