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Published 2 months ago

Fed declines to hike, but points to rates staying higher for longer

  • The Federal Reserve has decided to maintain steady interest rates, signaling a cautious approach to monetary policy.
  • The Fed expects to make one more rate increase this year followed by two cuts in 2024, reflecting a mixed progress towards the 2% inflation target and concerns about economic growth.
  • Despite anxiety over the economy, recent data shows solid job gains, resilient consumer spending, and record-low inflation expectations, suggesting the central bank may achieve a soft landing.
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