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Fed Holds Rates as Inflation Lingers | Philadelphia News
The Fed holds rates steady for the third straight time, keeping borrowing costs where they are—but warns inflation’s still too high. With job growth strong but spending cooling, they’re walking a tightrope: cool inflation without triggering a recession. Expect no immediate relief on mortgages or car loans, but brace for possible future hikes if inflation doesn’t fall. Officials now project one more rate hike this year—and fewer cuts next year—signaling rates may stay elevated longer than expected. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise…
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