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The Federal Reserve is leaving its benchmark interest rate unchanged, maintaining the current range of 5.25% to 5.50%, as policymakers assess a complex and uncertain economic landscape. The decision reflects ongoing concerns over persistent inflation, uneven growth, and the potential ripple effects of steep tariffs recently enacted by the Trump administration, including a 145% tariff on Chinese imports.
In a press conference following the Federal Open Market Committee (FOMC) meeting, Fed Chair Jerome Powell emphasizes that while there are “encouraging signs of economic resilience,” inflation remains stubbornly above. . .
