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Federal Reserve holds rates at 3.50 to 3.75 percent at March FOMC meeting
- Date
- · 2:00 PM ET
- Type
- Economy
- Where it applies
- National
- Location
- Washington, DC
The Federal Open Market Committee kept the federal funds target range at 3.50 to 3.75 percent at its March meeting, which included a new Summary of Economic Projections. Eleven members voted for the hold. Stephen Miran was the only dissent and preferred a quarter point cut. The decision was announced on March 18 after the two-day meeting in Washington.
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