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Fed hold rates steady, says job market is 'solid' while inflation 'remains somewhat elevated'
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....ed hold rates steady, says job market is 'solid' while inflation 'remains somewhat elevated'<BR>PTI News<BR>Dated:- 30-1-2025<BR>PTI<BR>Washington, Jan 29 (AP) The Federal Reserve left its benchmark i....
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....nterest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Don....
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....ald Trump may pursue. The Fed reduced its rate last year to 4.3% from 5.3%, in part out of concern that the job market was weakening. Hiring had slowed in the summer and the unemployment rate ticked ....
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....up, leading Fed officials to approve an outsized half-point cut in September. Yet hiring rebounded last month and the unemployment rate declined slightly, to a low 4.1%. In its statement Wednesday, t....
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....he Fed upgraded its assessment of the job market, calling it “solid,” and noting that the unemployment rate “has stabilized at a low level in recent months.” The Fed also appeared to toughen i....
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....ts assessment of inflation, saying that it “remains somewhat elevated.” Both a healthier job market and more stubborn inflation typically would imply fewer Fed rate cuts in the coming months. (AP)....
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.... AMS<BR> News - Press release - PIB....