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Summary
The US Federal Reserve has decided to keep interest rates unchanged due to uncertainty stemming from President Trump’s tariffs, which have complicated the economic outlook. Fed Chairman Jerome Powell noted that the tariffs introduce risks of both economic slowdown and inflation, leaving the bank unsure of its next steps. As trade talks between the US and China approach, Powell emphasized the potential for these discussions to significantly impact the economy, while the current economic indicators, including strong hiring and a stable stock market, suggest resilience despite recent challenges.
