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The Federal Reserve kept a steady hand on interest rates, maintaining them at their target range of 4.25% to 4.5%.
The central bank is calling for two rate cuts this year, but policymakers see higher inflation. They have also cut their outlook for gross domestic product.
Traders will also listen closely to Federal Reserve Chair Jerome Powell’s press conference at 2:30 p.m., seeking insights on what may be ahead for interest rate policy and whether the central bank leader may address the White House’s push for easier policy.
