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Here’s Why the Fed Held Rates Steady and What it Means for Borrowers

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Inflation? What inflation? With inflation running below the Federal Reserve’s targeted 2 percent rate, the central bank elected to hold its benchmark interest rate steady at its targeted rate of 2.25 percent to 2.50 percent. For fashion firms and retailers looking to borrow money, that means nothing has changed for now, and current borrowing rates…

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