Federal Reserves is holding its lending rate constant.
In July, the FED raised its lending rate by a quarter percent. This was its 11th rate increase in 16 months, raising the rate from almost zero to 5.4%, its highest rate in 22 years.
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Listen to Economic Pulse Fridays at 5:44 PM during All Things Considered; Mondays at 7:30 AM during Morning Edition.
(Original air-date: 11/10/23)
