US Federal Reserve is wary of interest rate cuts
The US Federal Reserve keeps interest rates unchanged high. Financial markets expect the central bankers to initiate a policy reversal at their next meeting in September and lower rates.
The US Federal Reserve is not budging on high interest rates. The currency guardians around Fed Chair Jerome Powell kept the key interest rate in the range of 5.25 to 5.50 percent. Financial markets are speculating about an imminent rate reversal, possibly in September.
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Despite the anticipation for a rate decrease, the Federal Reserve maintains its stance on maintaining high interest rates. Other central banks across the globe are closely monitoring this situation, as it could potentially impact their own monetary policies.
