POPA ReconFed interest rate freeze
Fed interest rate freeze The Federal Reserve (Fed) froze its benchmark interest rate at 3.50% to 3.75% and said the economy continues to expand at a solid pace, although inflation is still exceeding its 2% target. The decision passed 9 to 3, with Hammack, Kashkari and Logan voting against, supporting a 25 basis point rate increase. The Fed also emphasized strong productivity, resilient employment growth, and continued sufficient reserves within the banking system. #interest rate decision #Fed
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