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American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

American2Day

News and opinion for Michigan, Eaton County, and the Mulliken area

Money

Federal Reserve Holds interest rates steady ahead of midterms

A2D News Desk

The Federal Reserve kept the federal funds rate in a target range of 3.75% to 4.00% on Wednesday, with the Federal Open Market Committee voting 10-2 to pause after two consecutive increases. Fed Chair Kevin Warsh stated that policymakers opted to leave rates unchanged while awaiting further economic data to determine the appropriate stance for returning inflation to the 2% goal.

Read the full story at NewsCord.

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