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Fed Holds Rates as Inflation Cooldowns Begin | Philadelphia News
The Fed holds rates steady at 5.25%-5.5%, pausing its rate-hiking campaign as inflation cools but remains above target. With a strong labor market, the central bank signals patience, eyeing data before any cuts — projecting about three cuts this year, but emphasizing flexibility. Savers benefit, borrowers wait, and the Fed’s mission: keep inflation under control without triggering a recession. 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…
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