Fed is likely to stand pat on interest rates, but the likelihood of ‘bad-news cuts’ in the fall is rising

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The Federal Reserve will hold its benchmark interest rate steady at its meeting this week, economists say, as it remains in a “wait-and-see” mode until the effects of President Donald Trump’s policies on the economic outlook become clearer.

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Fed is likely to stand pat on interest rates, but the likelihood of ‘bad-news cuts’ in the fall is rising

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