Fed Cites Lack of Progress on Inflation, Holds Rates Steady

The Federal Reserve signaled fresh concerns about inflation as it reaffirmed it needs more evidence that price gains are cooling before cutting interest rates from a two-decade high.

May 1, 2024 - 20:21
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Fed Cites Lack of Progress on Inflation, Holds Rates Steady
The Federal Reserve signaled fresh concerns about inflation as it reaffirmed it needs more evidence that price gains are cooling before cutting interest rates from a two-decade high.

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