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Good morning from the Financial Times.
Today is Thursday, June 19th.
And this is your FT News briefing.
The Fed is down on the U.S. economy, and the U.K. inflation rate is a bit of a bummer, too.
Plus, big tech companies have put all their chips on artificial intelligence,
and they want Congress to clear the regulatory runway for them.
I'm Mark Filippino, and here's the news you need to start your day.
The Federal Reserve kept interest rates on hold yesterday,
and that was expected going into the meeting.
But the bigger thing was the central bank cut its outlook for the U.S. economy.
Here to tell me more about what the central bank is thinking is the FT's U.S. economics editor,
Claire Jones.