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The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trumps demands to lower borrowing costs, and said that the risks of both higher unemployment and higher inflation have risen, an unusual combination that puts the central bank in a difficult spot.
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The Federal Reserve said Trump's barrage of tariffs were generating too much uncertainty to predict its next moves.
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The policy to use city cash to help finance housing construction could set an example for other locales seeking to build affordable homes amid waning federal support.
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News and Media
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