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

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Fed leaves rates unchanged, signals one more hike this year

12 of 19 officials favor another rate hike this year

Bloomberg News

The Federal Reserve left its benchmark interest rate unchanged while signaling borrowing costs will likely stay higher for longer after one more hike this year. The US central bank’s policy-setting Federal Open Market Committee, in a post-meeting statement published Wednesday in Washington, repeated language saying officials will determine the “extent of additional policy firming that […]

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