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

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Fed holds rates, sees risk of higher inflation and unemployment

Benchmark rate stays between 4.25% to 4.5%

Bloomberg News

Federal Reserve officials held interest rates steady for a third-straight meeting and emphasized they see a growing risk of both higher inflation and rising unemployment. “Uncertainty about the economic outlook has increased further,” the Federal Open Market Committee said in a statement Wednesday at the conclusion of a two-day meeting in Washington. “The committee is […]

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