Federal Reserve Keeps Interest Rates Steady—but Signals First Cut in 4 Years Could Come in September

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Federal Reserve Keeps Interest Rates Steady—but Signals First Cut in 4 Years Could Come in September

Mortgage rates may remain high for the rest of the summer, but there are signs that could change in the fall. The Federal Reserve’s Open Market Committee left its base interest rate steady at a range of 5.25% to 5.5% on Wednesday. The Fed released a statement after its meeting concluded that read in part
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