Source: International Business Times
The Federal Reserve is expected to hold interest rates steady for a fifth straight meeting despite President Donald Trump's pressure to cut levels AFP The US central bank is expected to defy political pressure and keep interest rates unchanged Wednesday at the end of a two-day policy meeting, as the effects of President Donald Trump's tariffs emerge. The Federal Reserve's decision, due to be announced at 2:00 pm US eastern time (1800 GMT), comes amid a flurry of data releases this week, including an early estimate of second quarter economic growth. "It's a high-wire act for the Fed, because they're balancing a lot of risks without a net," KPMG chief economist Diane Swonk told AFP.
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