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Federal Reserve holds rates at 3.50 to 3.75 percent at June FOMC meeting
- Date
- · 2:00 PM ET
- Type
- Economy
- Where it applies
- National
- Location
- Washington, DC
The Federal Open Market Committee met on June 16 and 17 and kept the federal funds target range at 3.50 to 3.75 percent by a 12 to 0 vote. It was the first meeting led by Chair Kevin Warsh. The short statement said activity was growing at a solid pace and inflation remained above the 2 percent goal, partly because of energy supply shocks. Commentators noted the statement dropped its easing bias.
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