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Wall Street futures stabilized after the Federal Reserve left interest rates unchanged, as Chair Jerome Powell emphasized that tariff uncertainties fall under the White House’s purview. The central bank signaled no rush to cut rates, awaiting clearer economic signals.
- Fed Chair Powell explicitly stated that tariff policy uncertainties are outside the Fed's mandate, placing responsibility on the White House.
- The Federal Reserve emphasized a patient approach, ruling out immediate rate cuts until economic trends become more evident.
- Goldman Sachs adjusted its inflation forecast higher as the US dollar's underperformance persists, reflecting broader market concerns.
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