Federal Reserve prepares to pause in rate cuts this week
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WASHINGTON The U.S. Federal Reserve is expected to announce a pause in rate cuts on Feb. 29, as policymakers look to continue tackling inflation under close and vocal scrutiny from President Donald Trump. The Fed cut its key lending rate by a full percentage point in the last four months of 2024 and indicated it would move more cautiously going forward amid an uptick in inflation away from its long-term target of 2 percent. "I think they will do nothing, and I think they should do nothing," Jim
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