Fed maintains interest rates and signals one cut in 2026
The Fed kept rates steady on Wednesday while citing elevated inflation. Officials still project one rate cut this year despite revised economic forecasts.
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The Federal Reserve opted to keep its policy rate unchanged on Wednesday, noting that inflation remains somewhat elevated in the United States. While the central bank provided limited guidance on the timing of future interest rate reductions, updated economic projections suggest that officials still anticipate one rate cut before the end of the year.
