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Fed Keeps Rates Unchanged, Offers No Hope To Those Looking For Cuts

The Federal Reserve on Wednesday did what everyone expected, holding interest rates steady for now.

But it also avoided saying anything about what it plans to do with rates in the future, dashing hopes for now that rate cuts are in the offing soon. Those looking for tea leaves will, however, seize on the exact phrasing of the Fed’s statement that may have offered a slight inkling the central bank’s monetary policy committee is adjusting its stance.

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This post originally appeared at U.S. News & World Report.