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FED signals interest rates remaining higher for longer

The disappointing inflation readings are likely to mean US borrowing rates remain higher for longer. FED announced today that interest rates stay at 5.5% and unveiled plans to slow the pace of its quantitative tightening program.


FED signals interest rates remaining higher for longer

The Federal Open Market Committee indicated that inflation data are concerning enough to consider raising rates either. Financial markets are now expecting 1.18 rate cuts for this year.

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