The Presidential Daily Brief


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    Federal Reserve Holds Interest Rates Steady

    ”The Fed dished up one of its classic non-decision decisions — little to confirm market fears, but nothing to dispel them either,” says OZY’s Steve Butler. America’s central bankers left the benchmark rate unchanged today at between .25 and .5 percent, citing volatility in global markets and the need to keep an eye on international economies. But the Fed still thinks the U.S. economy is set to grow and lift inflation to a target of 2 percent, and bankers warn they may boost short-term interest rates in March.

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