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Federal Reserve refuses to cut interest rates even as Americans face soaring prices
The Fed's decision to keep rates on ice comes just a month after it delivered its first hike since July 2023 - and despite worsening inflation.
WASHINGTON – The Federal Reserve reduced its key interest rate by a quarter-point for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months. Chair Jerome Powell signaled at a news conference that the Fed ...
The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation.
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