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Fed Holds Policy Steady, Expresses More Caution Than Expected on September Rate Cut

Prior to today's meeting, markets had priced in a 100% chance of a rate cut at the bank's September meeting.

The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. (AgnosticPreachersKid/Wikimedia)
The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. (AgnosticPreachersKid/Wikimedia)