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The Guardian - US
The Guardian - US
Business
Callum Jones

Federal Reserve continues to hold interest rates at 23-year high

A man speaks in front of American flag
The Federal Reserve chair, Jerome Powell, in Washington DC on 20 September 2023. Photograph: Evelyn Hockstein/Reuters

The US Federal Reserve held interest rates steady for another month as the US inflation rate continues to fade from its highest level in a generation.

Policymakers at the central bank, who have signaled they expect to cut rates three times this year, opted to keep rates steady at a 23-year high after their first two-day meeting of 2024.

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