Federal Reserve Pauses Rate Cuts
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Federal Reserve Keeps Interest Rates SteadyCoinGape
•US Politics
US Politics
Federal Reserve keeps interest rates steady despite inflation concerns

65% Informative
Federal Reserve Chair Jerome Powell announced that interest rates would remain at 4.25% to 4.5% .
The decision follows three consecutive rate cuts last year as the central bank assesses inflation trends and labor market conditions.
Powell also noted that inflation had not made as much progress toward the 2% target as previously expected.
The FOMC 's decision was unanimous, with no officials dissenting.
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