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Fed Chair Jerome Powell
US Federal Reserve chair Jerome Powell arrives to hold a news conference after a Federal Open Market Committee meeting in Washington, DC, on January 31, 2024.

JULIA NIKHINSON/AFP via Getty Images

  • The Federal Reserve is expected to continue holding interest rates steady on Wednesday.
  • Fed Chair Jerome Powell previously said it'll take more data before he feels confident cutting rates.
  • Still, the door is open for rate cuts later in the year.

The nation's central bank is gearing up to make its second interest rate decision of the year, and it probably won't be the relief many Americans want to see.

Tags
economy, Markets, economy, Markets, federal-reserve, Fed, Powell, Inflation, interest-rates, interest-rate-cuts
Source
The Fed still probably isn't ready to give Americans the interest rate cuts the…