July 31, 2025 9:16 AM July 31, 2025 9:16 AM
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US Fed keeps interest rates unchanged despite pressure from Trump administration
The US Federal Reserve has left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut. The Fed's decision last night leaves its key short-term rate at about 4.3 per cent, where it has stood after the central bank re...