Fed expected to keep interest rates on hold

WASHINGTON: The US Federal Reserve (Fed) could provide additional clues on Wednesday, US time, about how much it will cut interest rates this year, but it is almost certain to leave its key lending rate unchanged for the time being.

Following two days of debate, the Fed's rate-setting Federal Open Market Committee (FOMC) will publish its interest rate decision along with an updated summary of economic projections (SEP) that includes policymakers' interest rate expectations for 2024 and beyond.

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