April 28, 2024

Fed Holds Rates Steady, Expects Economic Growth, Hiring, and Inflation to Slow

Anna Moneymaker/Getty Images Federal Reserve officials voted to leave the central bankโ€™s benchmark interest rate unchanged, saying that it expects tighter financial conditions will weigh on economic activity, hiring, and inflation. The Fed said on Wednesday that it would hold its benchmark rate at a range of 5.25 percent to 5.50 percent, the range it

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