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Federal Reserve Holds Rates Steady, Powell Emphasizes Solid Economy and Inflation Outlook

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The Story

News Summary

  • The Federal Reserve held interest rates steady, signaling no immediate cuts, citing a solid economy and stabilizing unemployment despite inflation above target.
  • Powell emphasized a data-driven approach, leaving future easing open but unlikely soon, with the funds rate near neutral after significant recent cuts.
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EURUSD price history

1.15 -0.86% over the displayed period

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