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Federal Reserve Holds Rates Steady Amid Economic Uncertainty
Summary: The Federal Reserve announced that it will maintain the federal funds rate target at 5.25% to 5.5%, without any signal of interest rate decrease in September, as the economy shows signs of solid growth. Despite moderated job gains and a slight rise in unemployment, inflation has eased but remains above the desired level. The Fed ...
The Federal Reserve announced that it will maintain the federal funds rate target at 5.25% to 5.5%, without any signal of interest rate decrease in September, as the economy shows signs of solid growth. Despite moderated job gains and a slight rise in unemployment, inflation has eased but remains above the desired level. The Fed is focused on achieving its 2% inflation goal and maximum employment, noting that the economic outlook is uncertain and balanced. The decision to keep rates steady reflects a cautious approach, with future adjustments dependent on further progress toward the inflation target. The Committee also continues to reduce its holdings of Treasury and agency securities. All voting members, including Chair Jerome Powell, supported the decision.
Tags: economic,Federal Reserve Bank,Interest Rates
Link: Federal Reserve Holds Rates Steady Amid Economic Uncertainty [Copy]
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