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Fed Delays Rate Cuts Amid Inflation Concerns
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Overview
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The Federal Reserve delays rate cuts due to rising US inflation concerns. Chair Powell hints at potential rate cuts in the second half of 2024, despite maintaining high rates at 5.25-5.5%. Investors remain uncertain as Powell's statements suggest prolonged high interest rates.
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How are global markets reacting to the Fed's decision, and what implications does this have internationally?
How might the Fed's decision impact borrowing, spending, and investment in the US economy?
What factors could lead to a change in the Fed's stance on interest rates moving forward?
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