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Rachel Treisman

Up First briefing: Fed weighs cutting interest rates; 50 years of Groundlings comedy

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The Federal Reserve has spent much of the last two years raising interest rates to fight inflation — and so far it's worked. So when will it be time to start cutting interest rates? We could get some clues when Fed officials wrap up a two-day meeting this afternoon. NPR's Scott Horsley tells Up First that while the Fed is likely to hold rates steady, "The big question is what kind of smoke signals do we get about possible rate cuts in the future?"

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