Federal Reserve Keeps Rates Unchanged, Expects Two Cuts This Year

Reported about 11 hours ago

The Federal Reserve has maintained interest rates for the fourth consecutive meeting, stating that while the labor market remains strong and unemployment low, inflation is still high. The Fed anticipates two rate cuts this year, although opinions among officials vary, with some predicting no cuts. They also revised their inflation forecast upwards and slightly lowered growth expectations. The overall economic outlook shows reduced uncertainty, though it remains a concern.

Source: YAHOO

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