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Federal Reserve leaves its key rate unchanged but sees two cuts this year
Posted
June 18, 2025
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June 18, 2025
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1:01Now PlayingFederal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of this year, the same as they projected in March.
The Fed kept its key rate unchanged for the fourth straight meeting Wednesday, and said the economy is expanding at “a solid pace." Changes to the Fed's rate typically — though not always — influence borrowing costs for mortgages, auto loans, credit cards, and business loans.
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