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BREAKING: The Federal Reserve holds interest rates steady at 3.75% to 4%, just six days before the midterm elections, as inflation continues to weigh on the U.S. economy.
Fed policymakers voted 10-2 to keep rates unchanged after raising them by 25 basis points in September, the central bank’s first rate hike since July 2023.
Rising energy costs, tariffs, and strong consumer spending have helped keep prices elevated, while the Fed’s pause leaves borrowing costs high for American households and businesses. | @AmericaRpts
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