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ABC Business - WOND

Chip Somodevilla/Getty Images(WASHINGTON) -- The Federal Reserve decided to hold its benchmark interest rate steady on Wednesday, postponing highly anticipated rate cuts as elevated inflation continues to burden U.S. households.The announcement arrives days after new government data showed that the economy is cooling off.The slowdown has coincided with a months-long stretch of stubborn inflation, putting pressure on the Fed to keep interest rates high despite a risk of hindering economic activit...
United States Jerome Powell Us Commerce Department Commerce Department Market Committee Federal Reserve

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