Trump hints that the Federal Reserve may be ready to cut interest rates
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U.S. President Trump hinted that the Federal Reserve may be ready to cut interest rates. In his meeting with Federal Reserve Chairman Powell, they discussed interest rates and the budget for renovation projects. Trump stated that the talks went well and urged Powell to cut rates immediately. The market expects the Federal Reserve to maintain the benchmark interest rate in the range of 4.25%-4.50% at next week's policy meeting. The Federal Reserve expressed gratitude for Trump's support and looks forward to the smooth completion of the renovation projects
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