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Fed Holds Rates as Inflation Battle Continues | Concord News
The Fed holds rates steady for the third straight time, keeping borrowing costs high as inflation remains stubbornly above target. While prices are cooling, officials say more consistent downward movement is needed before cutting rates — a cautious stance aimed at avoiding a recession while winning the inflation battle. Higher rates are squeezing consumers and businesses, making big purchases costlier and slowing investment. The next decision looms in January, with economists eyeing a potential rate cut as early as spring — but for now, the Fed’s message is clear: patience is key to a soft…
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