Trump’s Pressure Fails: Fed Rate Cut Off the Table for Now
The Federal Reserve has chosen to maintain the interest rates at 4.25% and 4.50%% whilst there have been increased demands be former President Donald Trump to make swift reductions. This marks the fifth meeting in a row where the central bank has chosen stability over stimulus. We’ve been watching this closely because markets were hoping for signs of relief as early as September, but Chair Jerome Powell made it clear, it’s still too soon.
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