The US Federal Reserve decided to keep interest rates unchanged for the fourth time this year during its first meeting under new chair Kevin Warsh, who was appointed by former President Donald Trump. The Federal Open Market Committee stated that economic activity is growing at a solid pace, despite uncertainties related to the conflict in the Middle East. The committee noted strong productivity growth and capital investment, with job gains matching workforce growth and little change in the unemployment rate.
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Federal Reserve maintains interest rates at current levels for fourth consecutive meeting
The US Federal Reserve has opted to maintain interest rates for the fourth consecutive time this year during its first meeting led by new chair Kevin Warsh. The committee highlighted ongoing economic expansion, strong productivity, and stable job growth.
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Federal Reserve holds interest rates steady for fourth time this year
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Federal Reserve maintains interest rates at current levels for fourth consecutive meeting