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🇺🇲 Fed HOLDS interest rates steady as MIDTERMS LOOM
The Fed kept rates at 3.75%–4.00%, just days before Americans head to the polls in elections that could reshape Trump's control of Congress.
The agency did warn that inflation remains elevated, despite a stronger economic outlook.
That means the possibility of rate hikes in the future as rising energy prices, tariffs, consumer spending, and AI-driven demand are keeping pressure on prices.
The Fed can hit the brakes all it wants, but inflation is still stuck in high gear.
Source: Reuters
#EarningsSeason #FOMCWatch
🇺🇲 Fed HOLDS interest rates steady as MIDTERMS LOOM
The Fed kept rates at 3.75%–4.00%, just days before Americans head to the polls in elections that could reshape Trump's control of Congress.
The agency did warn that inflation remains elevated, despite a stronger economic outlook.
That means the possibility of rate hikes in the future as rising energy prices, tariffs, consumer spending, and AI-driven demand are keeping pressure on prices.
The Fed can hit the brakes all it wants, but inflation is still stuck in high gear.
Source: Reuters
#EarningsSeason #FOMCWatch
