Fed keeps rates at 4.25%-4.50%, says cuts await clearer inflation progress
The US Federal Reserve left its benchmark interest rate unchanged at 4.25%-4.50% after its latest policy meeting, signaling that borrowing costs are likely to stay elevated until inflation shows more sustained progress toward the central bank’s 2% target. In its statement, the Fed pointed to persistent price pressures and said it needs stronger evidence that inflation is easing before considering rate cuts. Chair…
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