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Federal Reserve Board Chair Jerome Powell speaks during a news conference about the Federal Reserve's monetary policy at the Federal Reserve, Wednesday, Jan. 31, 2024, in Washington. (AP Photo/Alex Brandon)

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Powell: Federal Reserve is on track to cut rates, though not likely for months
January 31, 2024 2:20 p.m.

Powell: Federal Reserve is on track to cut rates, though not likely for months

WASHINGTON (AP) — Interest rate cuts are coming. Just not yet.