Fed opens door to future rate cut

Jerome Powell gives testimony
Jerome Powell
Federal Reserve

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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