Federal Reserve issues statement: Rates stay higher for longer with two rate reductions taken off the table for next year. No increase at this meeting but the…

Federal Reserve issues statement: Rates stay higher for longer with two rate reductions taken off the table for next year. No increase at this meeting but the…

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Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have slowed in recent months but remain strong, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient. Tighter credit conditions for…

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