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The Piney Point

Federal Reserve keeps rates unchanged despite elevated inflation

Federal Reserve keeps rates unchanged despite elevated inflation
Photo: KPRC 2 / Click2Houston (NBC) · view original

The Federal Reserve kept its key rate unchanged Wednesday at about 3.9% despite stubbornly high inflation, as Chairman Kevin Warsh suggested its policies are already showing signs of having an impact. The Fed said “inflation remains elevated” in the statement it released after its two-day meeting...

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