Fed will hold interest rates steady, but officials hint rates could be cut this year

Investors are looking closely for hints that rate cuts could come as early as the Fed’s next meeting in September

The US Federal Reserve announced on Wednesday it will hold interest rates steady, though officials hinted at optimism that rates could be cut later this year.

Interest rates are set by the Fed’s Federal Open Market Committee (FOMC), which meets eight times a year and will next meet in September.

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