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Fed Holds Interest Rates Steady, Citing Trump’s Tariffs Despite Push for Cuts
Fed Holds Interest Rates Steady, Citing Trump’s Tariffs Despite Push for Cuts
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BTCCSquare news:
The Federal Reserve maintained its key interest rate at 4.25%-4.5%, marking the fifth consecutive pause amid economic uncertainty fueled by Trump's tariffs. Chair Jerome Powell emphasized caution, noting tariffs complicate inflation assessments while markets showed muted reactions—Dow up 0.06%, Nasdaq rising 0.5%.
10-year Treasury yields edged to 4% as the Dollar Index climbed to 99.4. The FOMC's statement highlighted a data-dependent approach for future rate adjustments, with policymakers scrutinizing tariff impacts on consumer goods pricing. "The Committee will carefully assess incoming data," the Fed reiterated, deferring action until trade policy effects crystallize.
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