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Central bank said it was not appropriate to cut rates until it has ‘greater confidence that inflation is moving sustainably toward 2%’
The US Federal Reserve held interest rates steady for another month as the US inflation rate continues to fade from its highest level in a generation.
Policymakers at the central bank, who have signaled they expect to cut rates three times this year, opted to keep rates steady at a 22-year high after their first two-day meeting of 2024.
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