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'Great numbers': Trump pushes US Fed for 'one full point' rate cut after CPI data; markets weigh US-China trade deal
President Trump urged the Federal Reserve to cut interest rates by a full percentage point following the release of Labor Department data showing a 2.4% rise in the Consumer Price Index. While overall inflation remains tame, economists caution that tariffs could soon drive up retail prices, potentially complicating the Fed's decision-making process as they monitor the economic impact.
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