The Federal Reserve held interest rates steady Wednesday for the fourth straight meeting, keeping its benchmark lending rate at a 23-year high, as Wall Street eagerly awaits rate cuts sometime this year.
The Federal Reserve held interest rates steady Wednesday for the fourth straight meeting, keeping its benchmark lending rate at a 23-year high, as Wall Street eagerly awaits rate cuts sometime this year. The central bank has raised rates 11 times since March 2022 in a bid to combat the fastest inflation in decades. |
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