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Federal Reserve holds rates steady, punting inflation relief to the fall
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Scotsman Guide
Despite steadily increasing odds of a rate hike, the Federal Reserve chose to leave interest rates unchanged Wednesday.
The statement continued: “Inflation remains elevated relative to the committee’s 2% goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy.
Three regional Federal Reserve bank presidents — Beth Hammack of Cleveland, Neel Kashkari of Minneapolis and Lorie Logan of Dallas — dissented, each favoring a 0.25% increase to the federal funds rate.
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