Rate clues sought from Fed meet

By Agence France-Presse

Feb 01, 2024 12:32 am

WASHINGTON: The US Federal Reserve is almost certain to hold its key lending rate steady for a fourth consecutive meeting Wednesday, US time, as inflation continues to inch closer towards its long-term target of two percent.

But analysts and traders will be looking beyond the headline figure — which is likely to remain unchanged — for any indication of how soon the US central bank could start cutting rates.

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