Headline: Fed Holds Steady With Interest Rates at 2-Decade High
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On June 12, the Federal Reserve chose to hold interest rates at a two-decade high while it waits to see more signs of inflation going down. 'The Guardian' reports that officials at the United States central bank expect to make a single rate cut in 2024, according to the latest projections. In previous projections, policymakers expected the Fed to make three cuts in 2024.
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