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Fed Minutes Should Give More Clues About Rate Cut Timing

The Federal Reserve has signaled it's in no rush to lower interest rates further as inflation remains persistently elevated. Investors will be looking for clues from the central bank's latest policy meeting to see just how long rates could stay on hold.Inflation has receded from its postpandemic highs, but remains stubbornly above levels that the Fed would ideally like to see. The consumer price index for January, for example, rose 3% year over year in January, its fastest pace in seven months and above the Fed's inflation target of 2%.As such, the central bank has kept its key short-term interest rate at a target range of 4.25% to 4.5% since December. The FOMC lowered rates by a half of a percentage point in September -- its first cut since March 2020 -- followed by a quarter-point cut just after the election in November and another one in December.At that time, many economists and investors were expecting that inflation worries would continue to fade and allow the Fed to shift its fo
Fed Minutes Should Give More Clues About Rate Cut Timing

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