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Fed takes a breather on interest rate hikes, but signals another could come

Posted on AllSides September 20th, 2023
From The Center

WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased. But Fed officials also signaled that they expect to raise rates once more this year. The move to leave its benchmark rate at about 5.4% suggests that the Fed thinks it has time to wait and see if the 11 rate hikes it unleashed starting in March 2022 will continue to cool rising prices....

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https://dallasnews.com/business/economy/2023/09/20/fed-takes-a-breather-on-interest-rate-hikes-but-signals-another-could-come

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