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President Donald Trump is encouraging the central bank to cut interest rates as a backstop for his tariff plans.
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The Federal Reserve held interest rates steady yesterday as concerns loom over President Trump's new tariffs. And, a judge denied a request to block DOGE's takeover of the U.S. Institute of Peace.
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EUR/USD weakens as Fed sees no rush for interest rate cuts FXStreetWhy the Fed's Job May Get a Lot More Difficult The New York TimesFed Projections See an Economy Dramatically Reset by Trump's Election The Wall Street JournalJerome Powell doubles down on a word that has haunted him, saying pain from tariffs would be ‘transitory' Fortune
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Auto suppliers face more dire circumstances than automakers over President Donald Trump's tariffs, but their problems could quickly impact the broader industry.
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