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The Federal Reserve has announced for the fourth consecutive time this year that it will hold interest rates steady.

Source: content-static.cctvnews.cctv.com
According to CCTV News, the U.S. Federal Reserve announced on the 17th that it would keep the federal funds rate target range unchanged at 3.5%–3.75%. This decision—marking the fourth consecutive time this year that rates have been held steady—aligns with broad market expectations.