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The New York Sun
Economy

Fed Keeps Rates Unchanged While Signaling Another Hike Likely This Year To Fight Inflation

Inflation is running well above the Fed’s 2 percent target, and its policymakers say they aren’t close to declaring victory.

AP/Jacquelyn Martin
The Federal Reserve chairman, Jerome Powell, during a news conference at Washington, D.C., on September 20, 2023. AP/Jacquelyn Martin