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Economy

Strong US growth, weak inflation leave Fed stuck happily on hold

Updated : April 30, 2019 06:34 AM IST

Officials have given no signal in recent weeks of any change to the US central bank’s benchmark overnight lending rate, currently set in a range of 2.25 percent to 2.50 percent.
Data compiled by CME Group put the odds the Fed leaves rates unchanged this week at 97 percent.
Strong US growth, weak inflation leave Fed stuck happily on hold

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