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Federal Reserve holds interest rates steady despite inflation

Federal Reserve holds interest rates steady despite inflation

Also reported by The Hill

Summary

The Federal Reserve held interest rates steady despite high inflation, according to CBS News. The article provides no further details about the decision or the Fed’s reasoning.

Key Facts

  • The Federal Reserve kept interest rates unchanged.
  • The report says inflation remains high.
  • CBS News' Kelly O'Grady covered the decision.
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