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

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Fed holds rates steady and inches closer to cutting in future

Decision to leave benchmark federal funds rate unchanged at 5.25% to 5.5% was unanimous

Bloomberg News

The Federal Reserve held interest rates steady for the fourth straight meeting and signaled its openness to cutting them, though not necessarily right away. In a statement issued after their two-day meeting, Fed officials dropped their previous assertion that a rate hike was possible and instead adopted a more even-handed assessment of the future policy […]

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