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FOMC
Latest news updates related to the FOMC.
The Fed kept interest rates unchanged at 3.5-3.75%, and a rare split emerged ahead of the transition of power.
Jerome Powell's final meeting as Fed Chairman saw significant disagreement over the interest rate path, while he announced he would remain on the Board of Governors after his term.
Market
The Fed kept interest rates unchanged at 3.5-3.75%, fearing inflation would fall more slowly than expected.
The FOMC meeting minutes show that Fed officials warned of the risk of inflation remaining above 2% longer than expected, while the US labor market showed signs of stabilizing.
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