Fed interest rate cuts likely to be pushed back amid high inflation
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Fed not cutting interest rates, inflation remains at 23-year high
The central bank said that economic activity had continued to expand ‘at a solid pace’ but there had been a ‘lack of further progress’ towards its inflation objective
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Powell likely to signal that lower inflation is needed before Fed would cut rates
WASHINGTON (AP) — After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year. The big question, after they end their latest policy meeting Wednesday, will be: Will they still signal rate cuts at all this year? Wall Street traders now envision just a single rate cut this year to the Fed’s
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Powell likely to signal that lower inflation is needed before Fed would cut rates
Powell likely to signal that lower inflation is needed before Fed would cut rates