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June 18, 2026

Fed rate unchanged, hints of future hike

WASHINGTON (AP) — The Federal Reserve kept its key rate unchanged Wednesday yet nearly half the central bank's policymakers said they could support a rate hike later this year, an unexpectedly aggressive outcome that would disappoint President Trump and suggests heightened concerns about persistent inflation.

In an unusually short statement after their two-day meeting, Fed officials dropped language that had suggested their next move would be to cut their key rate.


 
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