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Fed Holds Rates as Inflation Remains High | Texas News
The Fed holds steady on rates again, keeping borrowing costs high as inflation cools but remains above target. With three straight rate-hold decisions, they’re staying cautious, citing resilient job growth and low unemployment. While this means no relief for mortgages or car loans anytime soon, it signals a deliberate strategy to avoid reigniting inflation. Officials project three cuts next year—but that’s just a forecast. The Fed’s watching inflation and employment closely, making this a tense waiting game as they balance controlling prices without triggering a recession. Listen in…
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