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Federal reserve officials seek ‘further progress’ on inflation before reducing feet


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Federal reserves’ officials said last month that they should see “further progress on inflation” before any new interest rates, because the US Central Bank held monetary policy despite high uncertainty in relation to the odds.

According to the minutes of January a meeting of the Federal Committee for the Placement of the rate, most US central bankers said they should adopt a “careful” approach to any changes of monetary policy.

Last month, the Fed held a major interest rate ranging between 4.25 percent and 4.5 percent.

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