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Benzinga
Benzinga
Business
Piero Cingari

Fed Stays Put On Rates, But Jobs Report Signals It May Regret It: This Week In Markets

Donald Trump US Federal Reserve Interest Rates
fed ai8

The Federal Reserve didn't cave to pressure from President Donald Trump and held interest rates steady in its July meeting — one that, for the first time in over 30 years, saw two dissenting votes from board members pushing for an immediate cut.

But that decision may now backfire, as Friday's labor market data showed early signs of weakness.

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