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Representational image of the seal of the Board of Governors of the United States Federal Reserve System | Photo Credit: AP United States Federal Reserve officials will likely make official what’s been clear for many weeks: With inflation sticking at a level above their 2% target, they are downgrading their outlook for interest rate cuts….
The U.S. Federal Reserve is widely expected to keep its key short-term interest rate unchanged when it meets next week. File | Photo Credit: Reuters An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth. Friday’s report from the…
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The US Federal Reserve voted Wednesday to keep interest rates at a 22-year high. (Representational) Washington: The US Federal Reserve voted Wednesday to keep interest rates at a 22-year high, while forecasting an additional rate hike before the end of the year to bring down inflation. The Fed’s decision to keep its key lending rate…
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