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The Fed keeps interest rates on hold — and signals cuts aren’t coming soon
By Bryan Mena, CNN Washington, DC (CNN) — The Federal Reserve held interest rates steady Wednesday for the fourth-straight meeting, keeping its benchmark lending rate at a 23-year high, as Wall Street eagerly awaits rate cuts sometime this year. The central bank has raised rates 11 times since March 2022 in a bid to combat the fastest inflation in decades. Price hikes have
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