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Fed holds interest rates steady at highest level since 2001
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The Fed's Powell affirmed the central bank's wait-and-see stance on interest rates, which remain at their highest level in more than 20 years.
The Fed’s Powell affirmed the central bank’s wait-and-see stance on interest rates, which remain at their highest level in more than 20 years.The Wall Street Journal - World -
Fed Chair Jerome Powell says inflation has been higher than thought and expects rates to hold steady
Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period.NBC News - Top stories - Federal Reserve -
Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady
Speaking to the Foreign Bankers' Association, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed considerably this year.CNBC - Business - Federal Reserve -
China's Central Bank Holds Key Policy Rates Steady
The People’s Bank of China held key policy rates steady, a move that could preface a hold on benchmark lending rates later this month.The Wall Street Journal - World - China -
Federal student loan interest rates highest in more than a decade
The Department of Education announced Tuesday that federal student loan interest rates for the 2024-2025 school year hit 6.53 percent, up from 5.5 percent the previous year. Higher education expert Mark Kantrowitz told CNBC the new undergraduate ...The Hill - Politics -
Will High Interest Rates Curb Inflation? The Fed Will Wait and See
While consumers clamor for rate cuts, the central bank leadership is prepared to hang on until inflation stops climbing.Inc. - Business - Federal Reserve -
Fed’s Powell hints interest rates will stay high as US inflation lingers
Central bank chair says economy performing well but cites ‘lack of progress’ on price pressuresFinancial Times - Business - Federal Reserve -
Education Dept. announces highest federal student loan interest rate in more than a decade
The U.S. Department of Education announced Tuesday the interest rates on federal student loans for the 2024-2025 academic year.CNBC - Business -
Federal student loans this fall will have the highest interest rate in more than a decade
The interest rate on many new federal student loans will reach its highest level in over a decade next year, as lenders seek higher returns.NBC News - Top stories -
High Interest Rates Are Hitting Poorer Americans the Hardest
The economy as a whole has proved resilient amid the highest rates in decades. But beneath the surface, many low- and moderate-income families are struggling.The New York Times - Business
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