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[quote=Anonymous]WASHINGTON—The Federal Reserve held rates steady for a fifth straight meeting Wednesday but faced rare dissents from two officials seeking an immediate cut. The decision followed a period of intense political pressure on Fed Chair Jerome Powell by the White House to lower interest rates. Officials maintained their benchmark policy rate in a range between 4.25% and 4.5% as they weighed how importers, retailers and consumers will split the costs of higher duties on imports. The outcome of hand-to-hand combat over who will bear the burden of tariffs figures to shape the trajectory for inflation and hiring later this year, which could resolve whether and when the central bank resumes rate cuts in the months ahead.[/quote]
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