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US federal reserve expected to hold rates steady, citing inflation concerns; Trump pressures for rate cuts

IndiaTimes Wednesday, 18 June 2025
The Federal Reserve is expected to maintain current interest rates as officials assess the impact of tariffs on inflation and broader economic signals. Despite Trump's calls for rate cuts, the Fed emphasizes its independence and data-driven approach. The central bank is adopting a cautious "wait-and-see" approach, closely monitoring inflation expectations and economic projections amidst global uncertainties.
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