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Fed holds rates steady, Powell vows to stay amid DOJ probe

Federal Open Market Committee voted 11-1 to hold benchmark federal funds rate

Bloomberg News

The Federal Open Market Committee voted 11-1 to hold the benchmark federal funds rate in a range of 3.5% to 3.75%. Governor Stephen Miran dissented, calling for a quarter-point reduction. In their post-meeting statement, policymakers underscored the uncertainty they’re facing in the economy due to the conflict in the Middle East, as did Powell in […]

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