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The #FederalReserve left interest rates unchanged on Wednesday, amid a cloudy economic outlook, partly because some of #Trump’s policies could stymie the fight against #inflation.
Wednesday’s pause comes after the central bank cut interest rates by a full percentage point between Sept & Dec last year. Officials anticipate the pace of future cuts slowing to just 2 this year, down from 4 cuts that they projected before the election.
#economy #TheFed
https://www.washingtonpost.com/business/2025/01/29/fed-meets-on-interest-rates/
…This week’s pause is fueled at least partly by uncertainty over the way #Trump could enact new policies, such as a return to an #aggressive & #unpredictable global #trade overhaul w/ #threats to impose significant #tariffs on US trading partners. Though it’s unclear exactly how those policies will affect the #economy, some #Fed ofcls have already begun to factor these policies into their economic projections.