Categories: Good To KnowPublished On: August 1st, 2024

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Fed Holds Steady, Eyeing September Rate Cut

Unsurprisingly, Federal Reserve (Fed) officials made the decision not to cut interest rates yesterday afternoon, despite indicators that the economy is slowing. Rates currently remain at an unchanged figure between 5.25% and 5.5%, with Fed Chair Jerome Powell suggesting that September may be the appropriate time to make cuts. Powell indicated that “a reduction in…

The post Fed Holds Steady, Eyeing September Rate Cut appeared first on RISMedia.

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