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Trump advocates for lowest U S interest rates
U.S. President Donald Trump stated that American interest rates should be the lowest in the world, ahead of the Federal Reserve meeting scheduled for September 15 and 16. He noted that U.S. inflation and the strength of the labor market have led to expectations of a 25 basis point rate hike. The Federal Reserve faced pressure from Trump, his deputies, and other officials to keep rates steady or cut them, while markets are also awaiting decisions from central banks in the UK and Japan during the same week.
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