Fed Holds Rates as Inflation Persists | Jersey News
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Fed Holds Rates as Inflation Persists | Jersey News
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The Fed holds steady on interest rates for the third straight meeting, keeping borrowing costs between 5.25% and 5.5% as inflation remains above target. While inflation has cooled from its peak, officials say more consistent progress is needed before cutting rates. This pause affects homebuyers, refinance rates, and business borrowing, with future cuts still projected—but conditional on economic data. The Fed’s message: patience is key until inflation is truly under control.
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