BREAKING: Interest rates were left unchanged by the Federal Reserve for the first time in 15 months as inflation continues to ease.
Powell and other top policymakers have also indicated that they want to assess how much a pullback in bank lending might be weakening the economy. Banks have been slowing their lending — and demand for loans has fallen — as interest rates have risen. Some analysts have expressed concern thatlast spring could cause nervous lenders to sharply tighten their loan qualifications.
In an encouraging sign, inflation data that the government issued this week showed that most of the rise in core prices reflected high rents and used car prices. Those costs are expected to ease later this year.
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