March 16, 2025

The central bank

Finance

Fed holds interest rates at 23-year high, citing ‘lack of further progress’ on inflation

The Federal Reserve left interest rates unchanged on Wednesday and reiterated plans to hold rates steady, noting there has been a lack of further progress on inflation returning to its 2% target. The central bank voted to keep its benchmark interest rate in a range of 5.25%-5.50%, a 23-year high, at the conclusion of its

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