Financial Insights That Matter
Federal Reserve policymakers voted Wednesday to hold interest rates steady in its first rate decision of the year.
Following its Jan. 28-29 meeting, the Federal Open Market Committee (FOMC) decided to keep the benchmark federal funds rate at 4.25%-4.50%. The widely expected move marks the first time since last September that the central bank hasn’t lowered rates, as the fight to wrangle inflation to its 2% target continues.
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