In Montgomery County, officials issued a voluntary evacuation purchase and said roadways were shut thanks to flooding along the river.
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In March, just before the most up-to-date GDP facts, Powell mentioned a mix of elevated inflation and financial fortitude available the Fed a chance to hold rates continual at hugely elevated degrees, For the reason that central lender ran minimal instant chance of triggering a downturn.
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At its preceding read more Conference, in March, the Fed caught to some projection of three rate cuts by the top of 2024, at the same time as it opted to hold fascination prices continual for that fifth consecutive time.
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