Federal Reserve Leaves Interest Rates Unchanged, Signals 3 Cuts This Year
By Andrew Moran The Federal Reserve kept interest rates unchanged at the March Federal Open Market Committee (FOMC) policy meeting on March 20, but officials signaled that three rate cuts were still planned for this year. Monetary authorities kept the benchmark Fed funds rate at a range of 5.25 percent and 5.5 percent, the highest level in 23 years. According to the FOMC statement…
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