Message from FOMC Meeting: Higher for Longer

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<p>Summary As widely expected, the FOMC kept its target range for the federal funds rate unchanged at 5.25%-5.50% at today&#8217;s policy meeting. The decision to keep rates unchanged was unanimously supported by all twelve voting members of the Committee. The statement noted that job gains remain strong, and it continued to characterize inflation as &#8220;elevated.&#8221; [&#8230;]</p>
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