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Latest news as of November 30, 2023 (11:00 AM PST)

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Federal Reserve likely to hold interest rates steady through remainder of 2023

At its November 1st meeting, the Fed decided to maintain the benchmark overnight interest rate at 5.25%-5.50%; analysts expect a similar outcome at the next policy meeting in two weeks. Inflation has fallen to 3.4% from a high of 7.1% last summer.

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