Fed pushes back on spring cuts but holds rates steady at 5.25% to 5.5%

Fed pushes back on spring cuts but holds rates steady at 5.25% to 5.5%

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The Federal Reserve held its key interest rate steady for a fourth consecutive meeting Wednesday, confirming market forecasts, but the central bank pushed back on the chances of a spring rate cut, warning that inflation remains elevated. The Federal Open Market Committee held its key policy rate…

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