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A television screen on the floor of the New York Stock Exchange displays the Federal Reserve's decision on interest rates, Jan. 31, 2024. From Wall Street investors to car dealers to potential home buyers, many Americans are eager for the Federal Reserve to start cutting its benchmark interest rate and reducing borrowing costs throughout the economy (AP Photo/Richard Drew, File)

A television screen on the floor of the New York Stock Exchange displays the Federal Reserve's decision on interest rates, Jan. 31, 2024. From Wall Street investors to car dealers to potential home buyers, many Americans are eager for the Federal Reserve to start cutting its benchmark interest rate and reducing borrowing costs throughout the economy (AP Photo/Richard Drew, File)

February 8, 2024

Stories this photo appears in:

Inflation is nearly back to 2%. So why isn't the Federal Reserve ready to cut rates?
February 8, 2024 11:30 a.m.

Inflation is nearly back to 2%. So why isn't the Federal Reserve ready to cut rates?

Several officials have said they want more time to see if inflation continues to subside.