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Associated Press

Fed Hold Rates Steady, Sees Inflation as 'Elevated,' as Powell Declines Comment on Trump

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AP

10:38 JST, January 30, 2025

WASHINGTON (AP) — The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue.

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