US Fed Keeps Interest Rate Steady Amid Economic Concerns, Trump's Calls for Cuts
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The US Federal Reserve kept its benchmark interest rate unchanged (3.5-3.75%) for the fifth time, despite President Trump's calls for lower rates, citing concerns over the Iran war's economic impact.
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Warum es wichtig ist
Ongoing tensions in the Iran war and President Trump's economic policies influence the Fed's decision-making.
By Song Sang-ho WASHINGTON, July 29 (Yonhap) -- The U.S. Federal Reserve on Wednesday held its benchmark interest rate steady for the fifth consecutive time amid continuing concerns over the economic impact of renewed fighting in the Iran war and U.S. President Donald Trump's calls to lower borrowing costs.
During the two-day Federal Open Market Committee (FOMC) meeting, the central bank decided to leave the rate unchanged at the 3.5-3.75 percent range. The rate decision left the gap between the key rates of South Korea and the United States at up to 1 percentage point.
During a press availability earlier this week, Trump called on the Fed to lower the rate, saying that the U.S. should have "the lowest interest rate in the world."
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Potential future rate cuts if geopolitical tensions escalate
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Offene Fragen
- Future Fed policy adjustments in response to geopolitical events
