The Federal Reserve kept its key rate unchanged Wednesday, and officials expect inflation to worsen in the coming months. However, the central bank still foresees two interest rate cuts by the end of this year.

Fed leaves key interest rate unchanged, but sees 2 rate cuts this year

The Federal Reserve kept its key rate unchanged Wednesday, and officials expect inflation to worsen in the coming months. However, the central bank still foresees two interest rate cuts by the end of this year.