The Federal Reserve announced that it would maintain the benchmark interest rate unchanged, in line with market expectations
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Understanding the Fed's decision in one article: Lack of progress in fighting inflation, but Powell said rate hikes are unlikely
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Traders see September as a likely date for the first Fed rate cut, with a 62% chance of that happening.
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Powell hints that unemployment must rise by more than 0.2 percentage points before the Fed will cut rates
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