US Fed keeps rates unchanged, expects two cuts in 2025

The US Federal Reserve has maintained steady interest rates but indicated potential cuts later this year amid rising inflation from President Trump’s tariffs, projecting a 1.4% economic growth and 4.5% unemployment by year-end. While policymakers anticipate a total rate cut of half a percentage point this year, they have moderated future cuts, reflecting uncertainties in the economic outlook and trade policies.

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