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President Trump has been pressing the Federal Reserve to cut interest rates more aggressively, but the central bank voted to hold rates steady for now, as it tries to bring down inflation.
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With rates on hold, Powell said little to juice headlines.
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The Federal Reserve chose to pause rate cuts, even as it faces relentless attacks from President Trump for not cutting borrowing costs fast enough.
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The Federal Reserve on Wednesday released its decision on interest rates.
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Governors Christopher Waller and Stephen Miran dissented against the decision, calling for a reduction
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Asia tech seeks to extend January surge, gold keeps flying ReutersAsian shares mostly fall and gold jumps more than 4% after the Fed keeps rates unchanged Yahoo FinanceAsia Market Open: Bitcoin Range-Bound Near $88K As Asia Tech Loses Momentum, Gold Pushes Higher TradingViewBloomberg Daybreak Asia: Tech Earnings, Fed Outlook Bloomberg.com
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Tesla invests $2 billion in Musk's xAI and reiterates Cybercab production starts this year ReutersTesla to invest $2 billion in xAI, Elon Musk's OpenAI competitor CNBCTesla Takes a Stake in xAI, Linking Fortunes of Musk Companies Barron'sTesla (TSLA) Posts Fourth-Quarter Profit That Beats Expectations Bloomberg
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The central bank cut rates at its three previous meetings in an effort to support the job market. But with inflation still elevated, the Fed is cautious about additional rate cuts.
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