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Nick Timiraos: Stung by Past Mistakes, a Wary Fed Takes Its Time


Jerome Powell’s approach to cutting interest rates based on forecasts that inflation will continue moving lower could be summed up by the phrase “Trust, but verify.”On Wednesday, officials held rates steady and offered little evidence that they were prepared to begin lowering interest rates soon, as their counterparts in Canada and Europe

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Posted: June 12, 2024 Wednesday 09:00 PM