Fed stands pat on interest rates—gold surges on the news
Federal Reserve Bucks 1-3 Odds of Rate Hike Today Under the leadership of new Federal Reserve Chairman Kevin Warsh, the central bank held its benchmark interest rate steady in the 3.5%-3.75% range today. Wall Street traders had estimated there was a one-in-three chance the Fed would hike interest rates to fight back against still-high inflation...
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