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

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Fed holds rates steady, three officials dissent favoring a hike

Benchmark federal funds stay between 3.5% and 3.75%

Bloomberg News

Federal Reserve officials left interest rates unchanged, but a fractured vote signaled growing conviction among some policymakers that higher rates are needed to curb resurgent inflation. The Federal Open Market Committee voted 9-3 to hold the benchmark federal funds rate in a range of 3.5% to 3.75%. Dallas Fed President Lorie Logan, Cleveland’s Beth Hammack […]

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