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Wednesday, January 29, 2025

US Federal Reserve leaves key lending rate unchanged in first decision after Trump inauguration

The Federal Reserve decided to maintain its benchmark lending rate between 4.25% and 4.50% despite President Trump's calls for reductions. The Fed highlighted stable unemployment and solid labor conditions, while acknowledging elevated inflation. Experts are uncertain about future rate cuts amid Trump's trade and immigration policies.

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Industry willing to accept tariff reductions with US

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