Fed Expected to Hold Rates at 3.75%-4% Amid Persistent Inflation
The Federal Reserve is set to announce its decision on the federal funds rate this week, with the central bank expected to maintain its benchmark interest rate at 3.75% to 4%. This rate, which determines what banks charge each other for overnight lending, was last raised in September by 0.25 percentage points, marking the first increase in three years and a move that directly increases borrowing…
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