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The San Antonio

Federal Reserve keeps rates unchanged despite elevated inflation

Federal Reserve keeps rates unchanged despite elevated inflation
Photo: KSAT 12 (ABC affiliate) · view original

The Federal Reserve kept its key rate unchanged Wednesday at about 3.9% despite stubbornly high inflation, as Chairman Kevin Warsh suggested its policies are already showing signs of having an impact. “Inflation remains elevated,” the Fed said in a statement released after its two-day policy meet...

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