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Rates could stay higher for longer: Here’s what you need to know

Marriner S. Eccles Federal Reserve Board Building (Eccles Building) that houses the main offices of the Board of Governors of the US Federal Reserve.

So it’s official – sort of. Interest rates are potentially set to stay higher for longer, in a development that will have potentially significant repercussions for global stock and bond markets. In its latest Federal Open Markets Committee (FOMC) meeting on Wednesday, the US Federal Reserve opted to leave the federal funds rate unchanged at a 5.25% to 5.50% target…

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