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US Federal Reserve leaves key interest rate unchanged, sees hike by year-end

US Federal Reserve leaves key interest rate unchanged, sees hike by year-end

NEW DELHI: The Federal Reserve on Wednesday announced that it is keeping its primary interest rate of 5.25%-5.5% unchanged as it endeavors to steer the US economy toward a "gentle landing", where inflation cools down without inducing a severe recession.Chair Jerome Powell and fellow Federal Reserve officials have made it evident that they are leaning towards adopting a more gradual and cautious approach...

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