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International Business Times
International Business Times
Business
AFP News

FOUND: Senior us fed official expects no rate cuts this year - What They Never Told You

Bowman said she doesn't expect the Fed to begin cutting interest rates this year (Credit: AFP)

A senior official at the US central bank said Friday that she doesn't expect any interest rate cuts this year following a recent uptick in inflation.

The US Federal Reserve has held rates at a 23-year high for months as it battles to bring elevated inflation back down to its long-term target of two percent.

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