Federal Reserve cuts key interest rate for the first time this year

Fed officials, in a set of projections also released on Wednesday, signalled that they expect to reduce their key rate twice more this year, but just once in 2026.

Federal Reserve cuts key interest rate for the first time this year
Fed officials, in a set of projections also released on Wednesday, signalled that they expect to reduce their key rate twice more this year, but just once in 2026.

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