Fed holds rates steady amid elevated inflation

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The New York Times - Business 6 hours ago • nytimes.com

Fed holds rates steady at Warsh’s first meeting.

Officials at the Federal Reserve were split between no cuts this year and one or more rate increases as they braced for higher inflation, according to a new set of projections.

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Washington Post - Business 8 hours ago • washingtonpost.com

Fed holds rates steady amid elevated inflation

It was the fourth straight meeting in which the central bank left interest rates unchanged and the first with new Fed Chair Kevin Warsh.

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