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  - THEDEEPDIVE.CA - A La Une - 25/Jun 18:18

Powell Resists Trump Pressure for Aggressive Rate Cuts

Federal Reserve officials expect to cut interest rates just twice this year, down from earlier projections, as policymakers confront persistent inflation and uncertainty over the Trump administration’s trade policies. The central bank held its benchmark rate at 4.25% to 4.5% following its June meeting, with Chair Jerome Powell defending the cautious approach during congressional testimony […] The post Powell Resists Trump Pressure for Aggressive Rate Cuts appeared first on the deep dive.

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