The Federal Reserve kept interest rates unchanged after their latest meeting Wednesday, but future cuts may in store as inflation declines and concerns over an economic slowdown grow.
In the latest statement from the Fed, they expressed that rate cuts were not warranted currently as inflation remains elevated, but they dropped a reference to ‘additional policy firming,’ possibly signaling the cuts could come in the future and that additional rate increases are unlikely unless higher inflations returns.
The latest economic growth numbers remain strong, with job growth continuing, even amid notable layoffs at large companies this January.
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