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Federal Reserve Holds Policy Steady, Says Progress on Inflation Has Stalled
![](https://blacknewsdaily.com/wp-content/uploads/2024/05/5UJSTYKATFAXVPTSOEJYUE3MDM-780x470.jpg)
Hopes for a series of interest rate cuts in 2024 have been quickly vanishing over the past few weeks as both the economy and inflation exhibit unexpected strength.