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TMI BlogFed hold rates steady, says job market is 'solid' while inflation 'remains somewhat elevated'X X X X Extracts X X X X X X X X Extracts X X X X ..... Fed hold rates steady, says job market is 'solid' while inflation 'remains somewhat elevated' X X X X Extracts X X X X X X X X Extracts X X X X ..... interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Do ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nald Trump may pursue. The Fed reduced its rate last year to 4.3% from 5.3%, in part out of concern that the job market was weakening. Hiring had slowed in the summer and the unemployment rate ticked ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... up, leading Fed officials to approve an outsized half-point cut in September. Yet hiring rebounded last month and the unemployment rate declined slightly, to a low 4.1%. In its statement Wednesday, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Fed upgraded its assessment of the job market, calling it “solid,” and noting that the unemployment rate “has stabilized at a low level in recent months.” The Fed also appeared to toughen its asse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssment of inflation, saying that it “remains somewhat elevated.” Both a healthier job market and more stubborn inflation typically would imply fewer Fed rate cuts in the coming months. (AP) AMS X X X X Extracts X X X X X X X X Extracts X X X X ..... ws - Press release - PIB ..... X X X X Extracts X X X X X X X X Extracts X X X X
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