US Federal Reserve keeps benchmark rate unchanged in 4.25-4.5%...

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2025-05-07 18:10:09 -

US Federal Reserve keeps benchmark rate unchanged in 4.25-4.5% target range at Jerome Powell-led FOMC meet

The US Federal Reserve faced a tough call on interest rates amidst President Trump's tariffs. With inflation slightly above the 2% target and economic growth slowing, the Fed had to decide whether to raise, hold, or cut rates.

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