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Fed Cites Lack of Progress on Inflation, Holds Rates Steady [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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Most Read from Bloomberg Tesla Axes Supercharger Team in Blow to Broader EV Market NYPD Arrests Over 300 Protesters in Crackdown on College Campuses The Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire Economy Fed to Signal Delay of Interest-Rate Cuts Lilly Soars as Forecast Boost Shows Weight-Loss Drugs' Power Officials unanimously decided to leave the target range for the benchmark federal funds rate at 5.25% to 5.5% — where it's been since July — following a slew of data that pointed to lingering price pressures in the US economy. Follow the reaction in real time on Bloomberg's TOPLive blog “In recent months, there has been a lack of further progress toward the committee's 2% inflation objective,” the Federal Open Market Committee said in a statement Wednesday at the conclusion of a two-day meeting in Washington. That represented an addition to phrasing introduced in December saying that inflation “has eased over the past year but remains elevated
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