ABC News: “Fed holds interest rates steady at highest level since 2001; a months-long stretch of stubborn inflation.”

In a delicate balancing act, the Federal Reserve chose to keep its benchmark interest rate steady, resisting the pressure to cut rates as the economy faces cooling growth alongside persistent inflationary pressures. As households and businesses await the central bank’s decision, the stakes are high, with implications for borrowing costs, economic activity, and the trajectory …

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