Fed Sees 'Further Progress' Toward Reducing Inflation (Newser Breaking News)

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July 31, 2024 Sponsored by   Happening Now Fed Sees 'Further Progress' Toward Reducing Inflation The Federal Reserve has held its key interest rate steady at a 23-year high for a year—and while it decided again on Wednesday to keep it unchanged, it signaled that a cut could be on the way soon. Fed-watchers weren't expecting a rate cut Wednesday, but they were looking for signs that the central bank plans to deliver a cut at its next meeting, in September, USA Today reports. Keep reading   From our sponsor Win a $1,500 Wellness Package! Make this summer a self-care summer. We've teamed up with a bunch of great brands to give one lucky winner a prize package that will help them reflect and relax. It includes: $1,000 in cash gift cards, a $250 gift certificate to the Yoga Academy International Retreat, a $250 spa & wellness gift card courtesy of Spa Week Media, two lifetime memberships to Journo Travel Co., and more! Learn More   Most Read in the Last 24 Hours   Manage your subscriptions  |  Unsubscribe from Newser emails  |  Privacy Policy We'd love to hear from you. Send us a note at feedback@newser.com. Read our stories on MSN. Newser, LLC  |  1395 Brickell Avenue  |  Suite 800  |  Miami, Florida  |  33131 © 2024 Newser, LLC. All rights reserved