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The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said on Tuesday, a stance directly at odds with President Donald Trump's calls for immediate cuts.
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The announcement comes ahead of a two-day Nato summit in the Netherlands.
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Indian market bounced back on Tuesday to close in the green. The BSE Sensex rose more than 150 points while the Nifty50 managed to close above 25000.
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