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Fed holds interest rates steady for fifth straight-meetings, but inflation still clouds outlook.

general :: 1hr ago :: source - cnn business

By Bryan Mena

Washington — Federal Reserve Chairman Kevin Warsh is already getting the “family fight” he has called for, and he’s leaving it up to Wall Street to choose between dueling narratives.

The Fed on Wednesday held its benchmark lending rate unchanged at a range of 3.5%-3.75% for the fifth consecutive meeting, with the persistent conflict in the Middle East clouding the outlook for inflation.

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