Holding the Fed course steady
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Source: The Manila Times
Published: 2026-07-08 02:04 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Education, Economy & Finance, Financial Markets, Business & Economy
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Snippet:
KOTA KINABALU — The United States Federal Reserve (the Fed, America’s central bank) concluded its mid-June meeting of the Federal Open Market Committee (FOMC) by unanimously deciding to keep the federal funds rate unchanged at 3.5 to 3.75 percent. It was the first policy meeting chaired by the Fed’s new chairman, Kevin Warsh.
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