US Fed holds interest rates steady, sees just one cut this year

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US Fed official warns of inflationary risk of over-consumption

The US Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March. The Fed voted unanimously to maintain its benchmark interest rate between 5.25 and 5.50 percent, and said in a statement that “modest” progress had been made toward […]

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