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Fed Holds Rates Steady, American Economy Continues Firing on All Cylinders

No change in rates at yesterday’s Federal Open Market Committee (FOMC) meeting, which was expected.   It was a unanimous decision and represented the fourth consecutive meeting during which the Fed remained in “pause” mode. That keeps the Fed’s benchmark interest rate in a range between 5.25% and 5.50%, with the most recent rate hike …

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