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Business News & Financial News

Fed seen holding rates steady as it faces fine balancing act

The U.S. Federal Reserve is expected to hold interest rates steady on Wednesday as it balances continued concerns about the health of the global economy with fresh signs that domestic inflation is starting to rear its head. The central bank, which hiked rates in December for the first time in …

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U.S. data points to firming economy, inflation

Underlying U.S. inflation increased more than expected in February as rents and medical costs maintained their upward trend, which could keep the Federal Reserve on course to gradually raise interest rates this year. Other data on Wednesday showed the housing market continuing to strengthen last month and manufacturing stabilizing. While …

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