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THE LATEST
Higher gas and rents keep US inflation elevated

The latest figures on consumer prices threaten to torpedo the prospect of multiple interest rate cuts from the Federal Reserve this year.

Fed signals it could cut interest rates 3 times in 2024

The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and Chairman Jerome Powell said inflation has cooled.

Federal Reserve leaves interest rates unchanged — for now

The Fed kept its benchmark interest rate at its highest level in 22 years but left the door open for further rate hikes if inflation pressures accelerate.