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Fed Holds Rates Steady Amid Political Pressure, Markets Edge Higher
Fed Holds Rates Steady Amid Political Pressure, Markets Edge Higher
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BTCCSquare news:
The Federal Reserve maintained interest rates at 4.25%-4.50% in a split decision, with dissenting votes from TRUMP appointees advocating for cuts. Equity markets responded with muted gains—the Dow Jones rose 0.03%, while the Nasdaq climbed 0.46% on the back of tech outperformance.
President Trump escalated his public campaign for lower rates, citing 3% GDP growth and claiming "No Inflation!" in a Truth Social post. Simultaneously, trade tensions flared as he threatened new 25% tariffs on Indian goods, reigniting concerns about inflationary pressures from protectionist policies.
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