Hold the rate. The Fed can’t pump oil.
Summary
The Federal Reserve kept its interest rate target range at 3.75% to 4% at its recent meeting. Analysis cited in the article said energy costs, rather than broad economic pressure, were the main driver of recent inflation.Key Facts
- The Federal Reserve maintained its interest rate target range.
- The target range is 3.75% to 4%.
- The decision came at the Fed’s recent meeting.
- The cited analysis attributed recent inflation primarily to energy costs.
- The analysis said inflation did not reflect widespread economic pressure.
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