U.S. Fed’s Bowman warns of upside risks to inflation, not time to cut

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Stock market today: Wall Street holds most of its gains after Federal Reserve keeps rates steadyNEW YORK (AP) — U.S. stocks are holding onto most of their gains for the day after the Federal Reserve held its main interest rate steady. The S&P 500 was 0.9% higher Wednesday afternoon after rising as much as 1.
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Federal Reserve sees some progress on inflation but envisions just one rate cut this yearWASHINGTON (AP) — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year.
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Federal Reserve holds interest rates steady, lowers forecast to 1 rate cut in 2024The Federal Reserve held interest rates at a 23-year high Wednesday while scaling back its estimate of rate cuts expected this year to 1.
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