Fed holds interest rates steady, still sees 2 cuts coming this year
Even as inflation shows signs of cooling, the Federal Reserve isn’t ready to ease up just yet. With interest rates holding steady for a fourth straight meeting, Fed officials now predict inflation will tick back up before the year ends—though they still anticipate two rate cuts in 2024. Economic growth is expected to slow and unemployment to rise, while uncertainty around tariffs adds new layers of caution. The message from the Fed: don’t expect quick moves, but don’t rule them out either. Christopher Rugaber with Associated Press has the full story.
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