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Fed keeps interest rates under Powell
The Federal Reserve (the U.S. central bank) kept interest rates unchanged for the second consecutive time, signaling a cautious stance regarding the trajectory of inflation and economic growth. The decision comes amid expectations that the bank will continue to monitor economic data before making future decisions on whether to raise or cut interest rates. The board did not definitively reveal its future outlook in its statement, but emphasized ongoing scrutiny of economic developments before taking any further steps.
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