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Fed Holds Rates Steady as Two Officials Favor a Hike
The Federal Reserve held its benchmark interest rate steady at 3.75% to 4% in a 10-2 vote, with two policymakers favoring a quarter-point increase as inflation remained elevated. Fed Gov. Lisa Cook and Cleveland Fed President Beth Hammack dissented, voting to raise rates. The policy statement described inflation as “elevated” and emphasized the need for ... The post Fed Holds Rates Steady as Two Officials Favor a Hike appeared first on Connect CRE .
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