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The Federal Reserve is likely to resume lowering interest rates in September, but it won't be an easy call for the central bankers, economists said Thursday in the wake of the June jobs report.
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The latest labor market data released on Thursday reinforces the central bank's wait-and-see approach to lowering borrowing costs, despite pressure from President Trump.
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Jerome Powell and the Fed have been right to hold the line on interest rates, but Trump's rate-cut demand can't be held off for much longer.
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