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Euronews
Euronews
Gavin Blackburn

Federal Reserve keeps interest rates unchanged in defiance of Trump who wants them lowered

The US Federal Reserve pushed the pause button on its interest rate cuts on Wednesday, leaving its key rate unchanged at about 3.6% after lowering it three times last year.

The central bank said in a statement that there are signs the job market has stabilised while it also said growth was "solid," an upgrade from last month’s characterisation as "modest."

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