The US Federal Reserve on Wednesday maintained its key interest rate, hinting that long-run interest rates in the economy were higher than previously indicated.

CNBC

The US Federal Reserve on Wednesday maintained its key interest rate at 5.25-5.5%, hinting that long-run interest rates were higher than previously indicated.

Significantly shifting from their March stance, the Fed has indicated it expects to cut interest rates only once this year, holding on to the 23-year high borrowing costs.

www.ft.com

US Fed Holds Rates, Hints at Only One Cut in 2024

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US Fed Holds Rates, Hints at Only One Cut in 2024

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