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US Federal Reserve Maintains Two-Decade High Interest Rates Amid Stubborn Inflation
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#2140b79c ver:1.04

The US Federal Reserve maintains two-decade high interest rates amid stubborn inflation, keeping rates steady at 5.25% to 5.5%. Concerns about high inflation and the need for sustainable price increases are cited. The decision reflects a shift from previous projections of rate reductions, with only one rate cut expected in November. The combination of high rates and persistent inflation poses a potential threat to President Biden's re-election bid. The Fed expresses optimism that inflation will decrease over the year. The Bank of England is also expected to keep borrowing costs unchanged. #FederalReserve #InterestRates #Inflation...

#newstr #FederalReserve #InterestRates #Inflation #EconomicGrowth #RateCuts #TreasurySecurities #MortgagebackedBonds #UsEconomy #UnemploymentRate #ConsumerSpending

https://here.news/story/2140b79c?ver=1.04