Federal Reserve announces emergency meeting on auto lending regulations • Click for details

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Fed holds rates at 22-year high, signals concern on yield rise

Benchmark rate sits at 5.25% to 5.5%

Bloomberg News

The Federal Reserve held interest rates at a 22-year high for a second straight meeting, while suggesting that the recent rise in Treasury yields may weigh on the economy and inflation. “Tighter financial and credit conditions for households and businesses are likely to weigh on economic activity, hiring, and inflation,” the US central bank’s policy-setting […]

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