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Fed chair defends decision to hold off on interest rate cuts
Posted
August 1, 2024
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August 1, 2024
7,123
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5:46Now PlayingThe Federal Reserve said Wednesday it is leaving its benchmark interest rate unchanged. The announcement means policymakers will hold the federal funds rate between 5.25 and 5.50%, the highest level in 23 years. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to examine the decision.
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