Edition: Singapore Indonesia Asia US/UK WASHINGTON: The US Federal Reserve held its benchmark interest rate steady on Wednesday (Jun 18), while signalling that two rate cuts remain on the table for 2025, even as it scaled back projections for monetary easing in later years due to higher-than-expected inflation and slower growth. Policymakers kept the federal funds rate in the 4.25% to 4.50% range, where it has stood since December. The Fed’s updated economic outlook painted a more

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