Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next…

Photo: The Canadian Press File - Federal Reserve Chair Jerome H. Powell speaks during a news conference at the Federal Reserve in Washington, Nov. 1, 2023. When its latest policy meeting ends Wednesday, the Fed will provide some highly anticipated hints about the extent of rate cuts next year. (AP Photo/Susan Walsh, File) The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, a sign that it is likely done raising rates after having imposed the fastest string of increases in four decades to fight painfully high inflation. The Fed’s policymakers also signaled that they expect to make three…