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Federal Reserve holds firm with decision not to cut interest rate
While some investors were hoping for a rate cut, many believed it would have been a risky move.
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The governors of the U.S. Federal Reserve have voted on interest rates — and President Donald Trump won't be happy with the result.The governors voted to keep overnight banking interest rates at their current levels despite pressure from Trump to lower them. The rates are currently in the 3.5%-3.75% range.'The US economy has really been just doing pretty…
While some investors were hoping for a rate cut, many believed it would have been a risky move.