US Federal Reserve Keeps Interest Rates Steady Amid Concerns Over Inflation and Economic Growth
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#2140b79c ver:0.58

The US Federal Reserve keeps interest rates steady amid concerns over inflation and economic growth. Inflation remains above the 2% target, with the Consumer Price Index rising by 0.4% monthly and 3.5% annually. GDP growth has slowed to 1.6% annually. Fed Chair Jerome Powell acknowledges inflation is above the goal but says the threshold for a rate hike is 'extremely high'. No rate cuts are expected in the short term, and the Fed plans to slow its balance-sheet reduction program. The Fed's cautious approach aims to ensure inflation is closer to 2% before considering rate cuts. #FederalReserve #InterestRates #Inflation #EconomicGrowth...

#newstr #UsFederalReserve #JeromePowell #InterestRates #Inflation #EconomicGrowth #RateCuts #PresidentialElection 

 https://here.news/story/2140b79c?ver=0.58