Fed not cutting interest rates, inflation remains at 23-year high
by Mike Bedigan
May 01, 2024
2 minutes
The Federal Reserve has announced that it will not be cutting interest rates until it has “greater confidence” that price increases are slowing, as inflation in the US remains at a 23-year-high.
In a statement, released on Wednesday, the said thathad continued to expand “at a solid pace” but there
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