Fed Keeps Rates Steady as Sluggish Inflation Continues

Investing.com -By Yasin EbrahimInvesting.com – The Federal Reserve held rates steady on Wednesday, as the sluggish pace of inflation coupled with a strong labor market did little to shift the central bank’s outlook on the economy.In a unanimous decision, the Federal Open Market Committee left its benchmark rate unchanged in the range of 1.5% to 1.75%.The Fed delivered three rate cuts in 2019, the last in October and policymakers have indicated that rates will remain on hold until there is some significant change in the economic outlook.”The committee judges that the current stance of monetary …

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