During its January meeting, the Federal Open Market Committee (FOMC) maintained interest rates within the range of 5.25% to 5.5%, signaling a cautious stance amidst prevailing economic conditions. Federal Reserve Chairman Jerome Powell reiterated the institution's commitment to prudent decision-making, emphasizing the need for sustained evidence of declining inflation before considering rate adjustments. Notably, the FOMC endorsed the prospect of three rate cuts by year-end, reflecting a nuanced approach to monetary policy in response to evolving economic dynamics.

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