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Fed Holds Rates as Inflation Persists | Concord News
The Fed holds rates steady for the third straight meeting, signaling a cautious approach as inflation remains above target—no big rate cuts expected in 2024, which is hitting the housing market hard with high mortgage costs and stalled refinancing. Officials are watching inflation data closely before any move, urging patience as they balance cooling prices without triggering a slowdown. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated, high-level news summary based on public reporting.Report issues…
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