Fed Skips Rate Hike in June After 10 Previous Increases, Says Could Hike Again

Fed Skips Rate Hike in June After 10 Previous Increases, Says Could Hike Again

WASHINGTON (Sputnik) – The Federal Reserve on Wednesday decided to skip a rate hike in June after 10 straight increases over the past 15 months but cautioned that it will do another raise if necessary based on inflation.

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