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U.S. Federal Reserve keeps interest rates at 23-year high

CGTN

The U.S. Federal Reserve held interest rates steady for a sixth straight meeting on Wednesday, keeping the level at a 23-year high to fight stubborn price increases.

At the end of a two-day meeting, central bank policymakers decided unanimously that the Fed would keep the benchmark lending rate unchanged at 5.25-5.50 percent, citing a "lack of further progress" towards its two percent inflation target.

Source(s): AFP
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