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The Fed held rates steady at 3.5%-3.75% amid persistent inflation, spurring higher mortgage rates and concerns for homebuyers.
The Federal Reserve kept its benchmark interest rate steady at 3.5% to 3.75% in its latest meeting, despite inflation showing signs of persistence.
While the decision was expected, mortgage rates continued to rise, reflecting broader market trends and investor concerns about inflation and economic strength.
Economists say higher borrowing costs could linger, affecting homebuyers and the housing market.
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La Fed mantuvo las tasas estables en 3.5%-3.75% en medio de una inflación persistente, estimulando tasas hipotecarias más altas y preocupaciones para los compradores de viviendas.