Fed Holds Rates at 3.50%-3.75% at Powell's Likely Final Meeting

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The U.S. Federal Reserve held its benchmark fed funds rate range steady at 3.50%-3.75% on Wednesday. This was the fourth straight meeting without a change. Officials are balancing persistent inflation risks against signs of slowing economic growth. Jerome Powell’s term ends on May 15, and Kevin Warsh passed a Senate Banking Committee vote earlier Wednesday.

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