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quoting note1hyx…3thk

US Federal Reserve Holds Interest Rates Steady at Two-Decade High Amid Concerns of Persistent Inflation
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#2140b79c ver:1.07

The US Federal Reserve keeps interest rates steady at a two-decade high amid concerns of persistent inflation. Chair Jerome Powell expresses optimism about inflation but acknowledges the need for greater confidence. The decision reflects a shift from previous projections, with only one rate cut expected in November. The Fed also announces a slower pace of unwinding COVID-era policies. Wall Street initially reacts positively, but stock prices later erase gains. The decision reflects the ongoing struggle with stubborn inflation. The Bank of England is expected to keep borrowing costs unchanged, while the European Central Bank may consider rate cuts. The US economy remains strong, reinforcing the Fed's desire to wait before implementing rate cuts. Economist Darrell Spence believes there is a strong chance the Fed will not cut rates this year due to higher-than-expected inflation. The decision could impact voter decisions in upcoming US elections. #FederalReserve #interestrates #inflation #economy...

#newstr #UsFederalReserve #InterestRates #Inflation #EconomicGrowth #RateCuts #TreasurySecurities #MortgagebackedBonds #UsEconomy #UnemploymentRate #ConsumerSpending

https://here.news/story/2140b79c?ver=1.07