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Fed Unanimously Votes to Hold Interest Rate Steady

The Federal Reserve held its key interest rate steady, following two days of discussions. Monetary policymakers voted 8-0  to retain the central bank’s benchmark short-term rate at between 1.5% and 1.75%.

Part of the reason the Fed says it is keeping the rate unchanged is because it believes inflation now is running near its target, and it doesn’t expect inflation to rise too high.

The future is less certain though, and that has policymakers divided about three planned rate hikes this year. The consensus among analysts is that another rate hike will arrive at the Fed’s June meeting. The fear is higher interest rates will work to curb inflation, but it may also slow economic growth.

The Fed indicated the economy has been growing at a moderate rate, though didn’t say the economic outlook had strengthened in recent months, as it had noted last month.


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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