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The Federal Reserve kept interest rates steady but signaled concerns over a slowing US economy, hinting at potential future rate cuts. A divided FOMC voted 9-2 to maintain the current rate range, with two governors advocating for a reduction.
- FOMC votes 9-2 to hold rates, with two governors dissenting in favor of a cut.
- Fed downgrades economic outlook, citing moderated growth in early 2024.
- Powell stresses central bank independence amid economic uncertainty.
📎 Related coverage from: bloomberg.com