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Economy Slows, Fed Holds Rates | Salt Lake City News
The economy’s growth slowed to 1.5% in the latest quarter, dragged down by weaker government spending, investment, and exports — though consumer spending kept things afloat. Inflation remains stubbornly high at 3.7%, well above the Fed’s 2% target, and the central bank held rates steady despite a surprise 3-member vote to raise them. Fed Chair remains focused on taming inflation, warning it won’t be fixed overnight — and is returning to regular press briefings for transparency. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on…
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