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The El Paso

Federal Reserve holds interest rates steady in face of persistent inflation

Federal Reserve holds interest rates steady in face of persistent inflation
Photo: KTSM 9 News (NBC) · view original

Federal Reserve officials held interest rates steady Wednesday despite stubborn inflation. The central bank's Federal Open Market Committee (FOMC) voted 10-2 to keep the benchmark federal funds rate range at 3.75 percent to 4 percent. "The committee believes that the accumulation of more informat...

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