Fed opens door to future rate cut
Policy-makers adopt dovish tone, but choose not to cut yet
The Federal Reserve kept rates unchanged today (June 19), but signalled a rate cut could be a possibility later this year.
In its post-meeting statement, the Federal Open Market Committe said “uncertainties” around the outlook for inflation and employment had increased.
The FOMC dropped previous wording about adopting a “patient” stance. “In light of these uncertainties and muted inflation pressures, the Committee will closely monitor the implications of incoming information for the economic
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