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Fed Holds Rates at 3.50%–3.75% as Three Officials Favor a 25-Basis-Point HikeThe Federal Reserve voted 9–3 to leave the federal funds rate target range unchanged at 3.50%–3.75%. The FOMC said economic activity is expanding at a solid pace, while inflation remains elevated relative to its 2% goal. Beth Hammack, Neel Kashkari, and Lorie Logan dissented, favoring a 25-basis-point increase. ...