Fed hints at rate cut as inflation nears 2% target, keeps rates steady at 5.25% – 5.50%
[ad_1] The Federal Reserve on Wednesday indicated that progress has been made towards its 2% inflation target, hinting at a potential rate cut—the first in four years. In a statement following its two-day meeting, the Fed noted that “job gains have moderated” and acknowledged a rise in the unemployment rate. The central bank, which is…