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Fed holds rates steady as inflation casts doubt on future cuts
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Fed holds rates steady as inflation casts doubt on future cuts

The Federal Reserve on Wednesday held interest rates steady for the sixth straight time after a string of disappointing inflation readings dimmed the odds of cuts later this year. The widely expected decision – which left interest rates unchanged at a range of 5.25% to 5.5%‚ the highest level in 23 years – comes amid signs that progress on inflation is stalling‚ or even starting to reverse. In their post-meeting statement‚ policymakers left the door open to rate cuts but...
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