Today: July 15, 2024
Today: July 15, 2024

FOMC leaves rates alone but scales back 2024 easing outlook

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FILE PHOTO: Federal Reserve Board building in Washington
June 12, 2024
Reuters

(Reuters) -The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-point reduction for the year amid rising estimates for what it will take to keep inflation in check.

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