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Why the Fed will likely keep interest rates unchanged at its upcoming meeting
The U.S. central bank, to President Donald Trump’s chagrin, will likely leave interest rates unchanged at a policy meeting this week, but that’s not to say there won’t be a vigorous debate, with one if not two Federal Reserve governors possibly casting a rare dissent in support of lower borrowing costs. The majority of Fed policymakers, though, remain concerned that Trump’s tariffs could undo progress on bringing inflation back to the central bank’s 2% goal, outweighing for now worries about the labor market. The trade deal struck between the U.S. and Japan last week, with tariffs set at 15%, and reported ... (full story)
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