Solid economic data allows the Fed to pause on rates despite pressure from President Trump. WASHINGTON: The US Federal Reserve opened the second day of its key policy gathering Wednesday (Jan 28), with the central bank widely expected to keep interest rates unchanged - defying President Donald Trump's calls for more cuts. The rate-setting Federal Open Market Committee meeting began at 9am Eastern Time (10pm, Singapore time) as scheduled, a Fed spokesperson said. The central bank has lowered

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