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Fed holds interest rates steady at highest level since 2001

(WASHINGTON) -- The Federal Reserve decided to hold its benchmark interest rate steady on Wednesday, postponing highly anticipated rate cuts as elevated inflation continues to burden U.S. households.The announcement arrives days after new government data showed that the economy is cooling off.The slowdown has... Read More.

Fed Chair Jerome Powell pumps brakes on rate cuts

(WASHINGTON) -- The Federal Reserve will see if inflation moves beyond its current rough patch before imposing highly anticipated interest rate cuts, Fed Chair Jerome Powell said on Wednesday.Addressing a business conference at Stanford University, Powell touted progress in the fight to cool price... Read More.

Fed set for first rate decision since forecasting cuts

(WASHINGTON) -- Washington, D.C., and Wall Street will closely watch an announcement from the Federal Reserve on Wednesday about whether to shift its benchmark interest rate.The move marks the first such decision since the Fed said last month that it expects to cut rates... Read More.