Federal Reserve reveals June rate decision
Federal Reserve Chair Jerome Powell
Central bank signals new speed of cuts as it adjusts language in its post-meeting statement.
Federal Reserve officials penciled in just one interest-rate cut this year and forecast more cuts for 2025, reinforcing policymakers’ calls to keep borrowing costs high for longer to suppress inflation.
Officials voted unanimously to keep the benchmark federal funds rate in a range of 5.25% to
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