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TechFlow — The Federal Reserve has decided to keep the benchmark interest rate unchanged in the range of 5.25%-5.50%, in line with market expectations. According to the FOMC statement, 12 officials expect one more rate hike this year, while seven anticipate rates will remain steady. The Fed's dot plot shows the median projection for interest rates in 2026 at 2.9%, higher than the long-term expectation of 2.5%.
The Federal Reserve kept the benchmark interest rate unchanged in the range of 5.25%-5.50%, in line with market expectations. According to the FOMC statement, 12 officials expect one more rate hike this year, while seven anticipate rates will remain steady. The Fed's dot plot shows the median interest rate projection for 2026 is 2.9%, higher than the long-term expectation of 2.5%.
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