WASHINGTON, D.C. — The US Federal Reserve is widely expected to cut interest rates by a quarter point on Wednesday and signal a slower pace of cuts ahead, brushing off uncertainty about inflation’s downward path and the possible impact of some of President-elect Donald Trump’s economic proposals.
The Fed has made significant progress tackling inflation through interest rate hikes in the last two years, and recently began paring rates back in a bid to boost demand in the economy and support the labor market.
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