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    The Fed leaves interest rates unchanged but sees scope to cut them next year

    The Federal Reserve held interest rates steady on Wednesday, amid signs of easing inflation. The central bank signaled that its benchmark borrowing rate may start to fall next year.
    by Scott Horsley Dec 13, 2023 1 minute
    Federal Reserve Chair Jerome Powell speaks during a news conference after the central bank's policy meeting at the Federal Reserve in Washington, D.C., on Nov. 1, 2023. The Fed kept interest rates unchanged on Wednesday, but projected they would be able to lower them next year.
    Updated December 13, 2023 at 2:18 PM ET

    The Federal Reserve kept interest rates unchanged Wednesday, as widely expected, after inflation eased in recent months.

    Fed policymakers also signaled that rate cuts are possible next

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