US PresidentDonald Trump
US PresidentDonald Trumppredicted a “big cut” at theFederal Reserve’s meetingthis week, despite a widely expected 25-basis-point reduction.
“I think you have a big cut,” Bloomberg reported Trump telling reporters on Sunday.
The Fed is likely to deliver its first interest rate cut in nine months when it concludes its two-day policy meeting starting tomorrow amid pressure from Trump following his return to the White House.
The latest economic indicators suggest a rate cut is warranted due to a cooling labor market and inflation exceeding the Fed’s 2% target.
US PresidentDonald Trump
US PresidentDonald Trumppredicted a “big cut” at theFederal Reserve’s meetingthis week, despite a widely expected 25-basis-point reduction.
“I think you have a big cut,” Bloomberg reported Trump telling reporters on Sunday.
The Fed is likely to deliver its first interest rate cut in nine months when it concludes its two-day policy meeting starting tomorrow amid pressure from Trump following his return to the White House.
The latest economic indicators suggest a rate cut is warranted due to a cooling labor market and inflation exceeding the Fed’s 2% target.
