month peak as market awaits next Fed cue
4 months, 1 week ago

month peak as market awaits next Fed cue

Live Mint  

By Brigid Riley TOKYO - The U.S. dollar stuck close to a 13-month high on Friday as investors assessed the outlook for the Federal Reserve's interest rate path and uncertainty in Europe kept the euro on the back foot, while bitcoin eyed the $100,000 level. The yen, meanwhile, held its ground against the greenback after domestic core inflation figures remained above the Bank of Japan's 2% target in a sign conditions for further interest rate hikes were falling in place. The dollar has rallied around 3% so far this month on expectations that U.S. President-elect Donald Trump's policies could reignite inflation and limit the Fed's ability to cut rates. The Japanese yen, which had been pushed back below 156 per dollar last week, received a boost as Japan's core inflation in October held above the central bank's 2% target to come in 2.3% higher from a year earlier, data showed on Friday.

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History of this topic

GRAPHIC-Take Five: Tantrums and TIARAs
6 days, 12 hours ago

GRAPHIC-Take Five: Tantrums and TIARAs

Hindustan Times  

March 24 - The first three months of 2025 promised to be bumpy, but few expected the world to be on the verge of a full-on trade war and for investors to be fleeing Wall Street quite so fast after U.S. President Donald Trump's return to the White House. But authorities detaining Istanbul Mayor Ekrem Imamoglu, President Tayyip Erdogan's main …

Take Five: Tantrums and TIARAs
1 week, 2 days ago

Take Five: Tantrums and TIARAs

Hindustan Times  

March 21 - The first three months of 2025 promised to be bumpy, but few expected the world to be on the verge of a full-on trade war and for investors to be fleeing Wall Street quite so fast after U.S. President Donald Trump's return to the White House. But authorities detaining Istanbul Mayor Ekrem Imamoglu, President Tayyip Erdogan's main …

Trump urges Fed to cut rates as tariffs bring uncertainty
1 week, 2 days ago

Trump urges Fed to cut rates as tariffs bring uncertainty

China Daily  

Traders work as a screen broadcasts a news conference by US Federal Reserve Chair Jerome Powell, on the floor of the New York Stock Exchange in New York City on Wednesday. BRENDAN MCDERMID/REUTERS WASHINGTON — US President Donald Trump urged the Federal Reserve on Wednesday to cut interest rates to help offset the effects of his tariffs, renewing his vocal …

Tariffs give the Fed an inflation foil
1 week, 3 days ago

Tariffs give the Fed an inflation foil

Live Mint  

President Trump likes to blame Federal Reserve Chairman Jerome Powell for any trouble in the economy, but on Wednesday Mr. Powell was able to blame Mr. Trump’s tariffs for at least some of an anticipated inflation rebound. Instead, Mr. Powell shifted the focus to the tariffs Mr. Trump keeps threatening against all and sundry as an explanation for whatever might …

With outlook uncertain, the Bank of England joins the US Fed in putting interest rates on hold
Trending News
1 week, 3 days ago

With outlook uncertain, the Bank of England joins the US Fed in putting interest rates on hold

Associated Press  

LONDON — The Bank of England kept its main U.K. interest rate unchanged at 4.50% on Thursday even though the economy is barely growing and the nation faces more uncertainty in light of the tariff policies being enacted by the Trump administration in the U.S. The decision by the nine-member Monetary Policy Committee was widely expected, and comes a day …

U.S. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged
1 week, 3 days ago

U.S. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

The Hindu  

The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. Powell acknowledged that the Fed initially thought inflation coming out of the pandemic would be temporary, which led it to delay raising rates to combat higher prices. "We’re going to …

Donald Trump splits from central bank officials on rate cut, says Federal Reserve ‘MUCH better off…’
1 week, 3 days ago

Donald Trump splits from central bank officials on rate cut, says Federal Reserve ‘MUCH better off…’

Live Mint  

United States President Donald Trump on March 20 has urged the US Federal Reserve to cut rates. Donald Trump's Tariffs v Jerome Powell's Impact Watch Donald Trump's opinion comes after Federal Reserve Chair Jerome Powell on March 19 announced the central bank's second monetary policy decision, following a two-day Federal Open Market Committee meeting. Powell said the Fed voted to …

Fed projections show economy radically changed by Trump’s election
1 week, 3 days ago

Fed projections show economy radically changed by Trump’s election

Live Mint  

The Federal Reserve’s first set of projections since Donald Trump’s inauguration underscored—in the central bank’s understated and technocratic fashion—just how much the president’s plans to press ahead with widespread tariffs have turned the economic outlook on its head. “We now have inflation coming in from an exogenous source, but the underlying inflationary picture before that was basically 2½% inflation, 2% …

Bloomberg Surveillance: Trump and the Fed
1 week, 3 days ago

Bloomberg Surveillance: Trump and the Fed

Bloomberg  

Browse all episodes Bloomberg Surveillance: Trump and the Fed Bloomberg Surveillance Trump and the Fed Arrow Right 37:30 Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney March 20th, 2025 Featuring: 1) Julian Emanuel, Chief Equity and Quantitative Strategist at Evercore ISI, offers his reaction to the Fed meeting yesterday …

US Fed keeps interest rates unchanged: Key takeaways from the meeting
1 week, 3 days ago

US Fed keeps interest rates unchanged: Key takeaways from the meeting

India Today  

The US Federal Reserve has decided to keep interest rates steady, maintaining its benchmark rate in the range of 4.25-4.50%. Here are the key takeaways from the meeting: INTEREST RATES UNCHANGED The Federal Open Market Committee voted to keep interest rates unchanged. The Fed had previously signalled that it could consider rate cuts in 2025, but policymakers are closely watching …

Trump pushes for interest rate cut to "ease" effect of tariffs
1 week, 3 days ago

Trump pushes for interest rate cut to "ease" effect of tariffs

Salon  

Donald Trump wants the Federal Reserve to lower interest rates before the economy feels the effects of his sweeping tariffs. The president's comments came after Fed Chair Jerome Powell announced Wednesday that rates would remain steady amid an "unusually elevated" uncertainty surrounding the on-and-off tariffs. “We think the right thing to do is to wait here for greater clarity about …

Fed Chair Blames Trump's Tariffs For Pushing Up Inflation Again
1 week, 3 days ago

Fed Chair Blames Trump's Tariffs For Pushing Up Inflation Again

Huff Post  

LOADING ERROR LOADING WASHINGTON — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. Fed Chair Jerome Powell, at a news conference, said that President Donald Trump’s tariffs have started to push up inflation and would likely stall the …

Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged
Trending News
1 week, 3 days ago

Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

Hindustan Times  

WASHINGTON — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged The Fed also now expects the economy to grow more slowly this year and next than …

Federal Reserve keeps interest rate unchanged, sees slower growth and higher inflation
1 week, 4 days ago

Federal Reserve keeps interest rate unchanged, sees slower growth and higher inflation

Firstpost  

The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year, though it said the outlook is more uncertain US Federal Reserve Chair Jerome Powell holds a press conference after the Monetary Policy Committee meeting, at the Federal Reserve in Washington, DC on Wednesday. AFP The Federal Reserve kept …

US Fed Policy: Will Donald Trump’s tariff chaos pinch Jerome Powell? Interest rate to ‘dot plot’—5 indicators to watch
1 week, 4 days ago

US Fed Policy: Will Donald Trump’s tariff chaos pinch Jerome Powell? Interest rate to ‘dot plot’—5 indicators to watch

Live Mint  

US Fed Policy: The US Federal Reserve is all set to announce its monetary policy decision on March 19, after a two-day review meeting to deliberate on the central bank's benchmark interest rate and the state of the US economy. This is the second policy verdict by US Fed Chair Jerome Powell-led Federal Open Market Committee for 2025 and holds …

The Federal Reserve sees tariffs raising inflation this year and keeps key rate unchanged
1 week, 4 days ago

The Federal Reserve sees tariffs raising inflation this year and keeps key rate unchanged

Associated Press  

WASHINGTON — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. I do think with the arrival of the tariff inflation, further progress may be delayed.” On his Truth Social platform late Wednesday, Trump posted: “The Fed would be …

US Fed expected to sit tight as Trump tariff fears buffet markets
1 week, 4 days ago

US Fed expected to sit tight as Trump tariff fears buffet markets

Raw Story  

by Daniel AVIS The US Federal Reserve is widely expected to extend its rate cut pause on Wednesday as it seeks to chart a path through the economic turbulence unleashed by President Donald Trump's on-again, off- again approach to tariffs. Many analysts fear Trump's tariffs, civil service job cuts, and immigration plans could push up inflation and hamper economic growth, …

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos
1 week, 4 days ago

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos

CNN  

Washington CNN — The Federal Reserve on Wednesday kept interest rates unchanged as central bank officials weigh the impact of President Donald Trump’s aggressive economic agenda. Fed Chair Jerome Powell in his post-meeting news conference acknowledged the high level of uncertainty among American consumers and businesses — a lot of it stemming from the Trump administration’s “turmoil,” he said. Powell …

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos
1 week, 4 days ago

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos

CNN  

Washington CNN — The Federal Reserve on Wednesday kept interest rates unchanged as central bank officials weigh the impact of President Donald Trump’s aggressive economic agenda. Fed Chair Jerome Powell in his post-meeting news conference acknowledged the high level of uncertainty among American consumers and businesses — a lot of it stemming from the Trump administration’s “turmoil,” he said. Powell …

US dollar tumbles over 6% from January peak to near 5-month lows as economic concerns mount
1 week, 5 days ago

US dollar tumbles over 6% from January peak to near 5-month lows as economic concerns mount

Live Mint  

The US dollar, the world's reserve currency, hovered near a five-month low against major peers in Tuesday's session, as concerns over a slowdown in the American economy—amid escalating trade tensions from Donald Trump's tariff wars—dented sentiment, causing the greenback to fall 6.4% from its January high of 110. US Fed policy in focus The Federal Open Market Committee is set …

Trump’s Trade Salvos Test Nerves of Central Bankers
2 weeks ago

Trump’s Trade Salvos Test Nerves of Central Bankers

Live Mint  

An anxious sense of wait-and-see may emerge from central banks in the coming week, in their first collective assessment of how President Donald Trump’s trade policies are impacting the world economy. Taiwan Taiwan’s central bank decision is also due on Thursday, and officials in Taipei are expected to keep the benchmark rate at 2% for a fourth straight meeting. Chile …

Powell says Fed marking time to see economic impact of Trump policies
Trending News
3 weeks, 1 day ago

Powell says Fed marking time to see economic impact of Trump policies

Live Mint  

March 7 - The U.S. central bank will be in no rush to cut interest rates while it waits for more clarity on how the policies of the new Trump administration affect the economy, Federal Reserve Chair Jerome Powell said at an economic forum in New York City on Friday. MARKET REACTION: STOCKS: The S&P 500 pared a loss and …

Fed Chair Powell says he’s not worried about the economy amid Trump’s tariff chaos
3 weeks, 2 days ago

Fed Chair Powell says he’s not worried about the economy amid Trump’s tariff chaos

CNN  

Washington CNN — America is feeling uneasy about the Trump administration’s rapid-fire trade policy changes, but Federal Reserve Chair Jerome Powell said Friday he’s not worried. Factoring in Trump’s uncertainty Fed policymakers manage uncertainty by trying to predict the different ways the economy could evolve in the coming months, based on economic models using a vast array of data. “I’d …

US Dollar Hits Three-Month Low on Risk to Growth From Tariffs
Trending News
3 weeks, 4 days ago

US Dollar Hits Three-Month Low on Risk to Growth From Tariffs

Live Mint  

-- The dollar fell to a three-month low on concerns about the negative impact of US tariffs on the economy, with losses particularly stark against the euro. The dollar has been on a downward trend this week as the US put into force trade tariffs on Canada and Mexico, fueling concern that a global trade war will weigh on economic …

'American backlash' coming at Trump over signature policy: poll
1 month ago

'American backlash' coming at Trump over signature policy: poll

Raw Story  

With inflation showing signs of heating back up, American voters are taking a dimmer view of of president Donald Trump's signature economic policy. Bloomberg reports that Trump "risks American consumer backlash" if he follows through on threats to slap tariffs on all imported goods from Mexico and Canada, as a new Harris poll conducted on behalf of Bloomberg shows 60 …

US Fed Meeting Minutes: Officials signal caution on interest rate amid inflation concerns
Trending News
1 month, 1 week ago

US Fed Meeting Minutes: Officials signal caution on interest rate amid inflation concerns

Live Mint  

US Federal Reserve officials remain cautious about adjusting interest rates, emphasizing the need for further progress on inflation before making any changes, minutes from the Federal Open Market Committee’s January 28-29 meeting showed, according to a Bloomberg report. “Participants indicated that, provided the economy remained near maximum employment, they would want to see further progress on inflation before making additional …

Markets scale back US Fed rate cut bets for 2025 amid inflation uncertainty
1 month, 2 weeks ago

Markets scale back US Fed rate cut bets for 2025 amid inflation uncertainty

Live Mint  

Market expectations of multiple rate cuts from the US Federal Reserve this year have weakened after US consumer prices rose more than expected in January, increasing the likelihood that the central bank will keep interest rates higher for longer. Policymakers are closely watching White House trade policy, with President Donald Trump pushing aggressive tariffs that also could boost prices and …

Trump demands interest rates to be cut even after inflation hit a seven-month high
Trending News
1 month, 2 weeks ago

Trump demands interest rates to be cut even after inflation hit a seven-month high

Daily Mail  

Donald Trump called for interest rates in the US to be cut last night even after inflation hit a seven-month high. Closely-watched figures showed that inflation in the world’s biggest economy rose from 2.9 per cent in December to 3 per cent in January – their highest level since June. Costs crunch: Donald Trump called for interest rates in the …

Powell says Trump’s comments won’t affect interest rate decisions by the Fed
Trending News
1 month, 2 weeks ago

Powell says Trump’s comments won’t affect interest rate decisions by the Fed

Associated Press  

WASHINGTON — Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions. !” Yet Powell indicated during a press conference last month that the Fed, after cutting its key rate three times late last year, would hold off on further cuts as it waited …

US inflation tops forecasts, dimming chances for Federal Reserve rate cuts
1 month, 2 weeks ago

US inflation tops forecasts, dimming chances for Federal Reserve rate cuts

Hindustan Times  

Underlying US inflation last month rose by the most since March, diminishing chances the Federal Reserve will lower interest rates anytime soon. The so-called core consumer price index — which excludes food and energy costs — increased 0.4% in January after a 0.2% advance in December, Bureau of Labor Statistics figures showed Wednesday. Wednesday’s report serves as further evidence that …

Market tanks over hot inflation report as Trump demands interest rate cut
1 month, 2 weeks ago

Market tanks over hot inflation report as Trump demands interest rate cut

Daily Mail  

Trump's first inflation report since beginning his second term shows prices have risen more than expected. It comes as Federal Reserve Chair Jerome Powell told Senators yesterday that the Fed would not rush cutting interest rates as it continues its battle to tame inflation. Stocks took a hit in pre-market trading with the S&P 500 down more than one percent …

U.S. inflation fight to take time in 'highly uncertain' environment: Fed official
1 month, 2 weeks ago

U.S. inflation fight to take time in 'highly uncertain' environment: Fed official

Raw Story  

The U.S. Federal Reserve is in a strong position to weather the "highly uncertain" economic outlook, but its inflation fight will take time to win, a senior US central bank official said Tuesday. "From where we are now, a number of signs indicate that inflation will continue to move toward our two percent longer-run goal," added Williams, a permanent voting …

Powell says Fed doesn’t need to rush on rate cuts
1 month, 2 weeks ago

Powell says Fed doesn’t need to rush on rate cuts

Live Mint  

WASHINGTON—Federal Reserve Chair Jerome Powell delivered a simple message to Congress to start two days of testimony on Tuesday: Because the economy is doing well, the Fed can take its time to decide when and whether to lower interest rates. Powell defended last year’s rate cuts as a needed recalibration of its policy stance to account for improvement on inflation …

Inflation soars in January, hampering plans for rate cuts
1 month, 2 weeks ago

Inflation soars in January, hampering plans for rate cuts

Salon  

Inflation in the United States suddenly rose in January, in a turn of events one Federal Reserve Bank president called "sobering." The latest update showed that inflation rose to 3 percent in January — a leap of 0.5% and the fastest monthly increase since August 2023 — after many common household goods soared in price. Austan Goolsbee, president of the …

‘US Fed ‘well positioned’ for risks amid Trump tariffs’: Jerome Powell reiterates ‘go-slow’ approach on rate cuts
1 month, 2 weeks ago

‘US Fed ‘well positioned’ for risks amid Trump tariffs’: Jerome Powell reiterates ‘go-slow’ approach on rate cuts

Live Mint  

US Federal Reserve Chair Jerome Powell reaffirmed the central bank’s cautious stance on interest rates during his testimony before Congress on Tuesday, stating that inflation remains elevated while the job market remains strong. Higher interest rates could prolong elevated mortgage rates and borrowing costs, though long-term Treasury yields, which influence mortgage rates, move independently of Fed decisions. Impact of Trump …

Big call on interest rates everyone with a mortgage needs to read as Donald Trump tariffs stir inflation fears
1 month, 2 weeks ago

Big call on interest rates everyone with a mortgage needs to read as Donald Trump tariffs stir inflation fears

Daily Mail  

Donald Trump's 25 per cent tariffs on Australian goods could end up delaying interest rate cuts here, experts fear. Donald Trump 's 45 per cent tariffs on Australian goods could end up delaying interest rate cuts, experts fear This would occur as weaker American demand for imports boosted the US dollar. Alarmingly, KPMG sees headline inflation climbing back to 3.3 …

Little to no relief from high borrowing costs expected as Fed Chair Powell heads to the Hill
1 month, 2 weeks ago

Little to no relief from high borrowing costs expected as Fed Chair Powell heads to the Hill

Associated Press  

WASHINGTON — The odds of further interest rate cuts this year by the Federal Reserve dwindled last week as unemployment fell and more officials say they want to see how new policies from the White House affect the economy. On Friday, Fed governor Adriana Kugler said that the labor market was “stable” and that “gives us a little bit of …

Bank of England CUTS interest rates to 4.5% in boost for Brits amid fears over Labour's stalling economy... but could Trump's tariffs thwart hopes of more falls?
Top News
1 month, 3 weeks ago

Bank of England CUTS interest rates to 4.5% in boost for Brits amid fears over Labour's stalling economy... but could Trump's tariffs thwart hopes of more falls?

Daily Mail  

The Bank of England boosted Brits today by cutting interest rates amid fears over the stalling economy. The need to kickstart activity looks to have outweighed fears that Donald Trump's trade tariffs will put upwards pressure on inflation - something Threadneedle Street uses interest rates to counter. The Bank of England in London is pictured yesterday ahead of the base …

In not following the Fed, the BOE is set to be one of the herd
1 month, 3 weeks ago

In not following the Fed, the BOE is set to be one of the herd

Live Mint  

The BOE looks set to do something it hasn’t often done in the past: diverging from the Federal Reserve. Investors expect the U.K.’s central bank to lower borrowing costs for a third time Thursday, and signal that it is likely to cut again. Last week, the Bank of Canada and the European Central Bank announced rate cuts hours before and …

Trump lashes out at a favorite nemesis: The Federal Reserve
2 months ago

Trump lashes out at a favorite nemesis: The Federal Reserve

Live Mint  

President Trump picked right up where he left off during his first term, badgering a favorite nemesis—the Federal Reserve and its chair, Jerome Powell—over its recent performance managing inflation and interest rates. During Trump’s first term, Powell erected guardrails to protect the Fed’s autonomy to set interest rates as it deemed fit—its so-called “independence"—by cultivating allies on Capitol Hill and …

Gold price today: MCX Gold rates climb despite US Fed’s rate pause; what should investors do?
2 months ago

Gold price today: MCX Gold rates climb despite US Fed’s rate pause; what should investors do?

Live Mint  

Gold price today: Gold rates rose in the morning trade in the domestic futures market on Thursday, January 30, despite weak global cues and the US Fed's decision to keep benchmark interest rates unchanged at 4.25-4.50 per cent. The US Federal Reserve, after a two-day Federal Open Market Committee meeting, left the benchmark interest rate steady at 4.25-4.50 per cent …

‘Terrible job’: US President Donald Trump blasts Fed’s handling of inflation after unchanged interest rates decision
Trending News
2 months ago

‘Terrible job’: US President Donald Trump blasts Fed’s handling of inflation after unchanged interest rates decision

Live Mint  

US President Donald Trump sharply criticised the Federal Reserve's approach to bank regulation, accusing Chair Jay Powell of mishandling the battle against inflation. In a bold statement, US President Trump outlined his plans to tackle inflation and revitalise the American economy, criticising the Federal Reserve's handling of the situation. He emphasised that, unlike the Fed’s focus on what he termed …

The Federal Reserve ignored Trump’s interest rate demands — and he’s not taking it well
2 months ago

The Federal Reserve ignored Trump’s interest rate demands — and he’s not taking it well

CNN  

New York CNN — The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates. “But restoring price stability when inflation is high can require measures that are not popular in the short term as we raise interest rates to slow …

Fed leaves rates unchanged, sees no hurry to cut again
Trending News
2 months ago

Fed leaves rates unchanged, sees no hurry to cut again

Live Mint  

* US central bank leaves policy rate in 4.25%-4.50% range * Officials still waiting for clarity on Trump policies * 'We do not need to be in a hurry,' Powell says By Howard Schneider, Michael S. Derby WASHINGTON, Jan 29 - The U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell said there would …

Federal Reserve boss Jerome Powell defies Trump as US central bank leaves rates on hold
2 months ago

Federal Reserve boss Jerome Powell defies Trump as US central bank leaves rates on hold

Daily Mail  

The US Federal Reserve chief Jerome Powell last night defied Donald Trump as the central bank left interest rates on hold and said that it was in no hurry to make further cuts. And he mounted a robust defence of the Fed’s independent decision-making, saying: ‘Don’t look for us to do anything else.’ In its first rates decision since Trump’s …

How Federal Reserve's interest rate pause will impact regular American wallets
2 months ago

How Federal Reserve's interest rate pause will impact regular American wallets

Hindustan Times  

Borrowers hoping for more financial relief from the Federal Reserve may need to wait longer, as the central bank is expected to pause additional rate cuts at its January 29 meeting. Federal Reserve officials held interest rates steady, pausing to assess the inflation outlook following a string of rate reductions last year. How Fed's interest rate pause affects borrowers “Anyone …

Mint Quick Edit | Trump versus Powell on US Fed policy
2 months ago

Mint Quick Edit | Trump versus Powell on US Fed policy

Live Mint  

Whether US President Donald Trump can bend America’s central bank to his will has been a subject of feverish global speculation. The Federal Reserve has autonomy, of course and, as its current chairperson Jerome Powell mentioned in a recent media interface, the White House cannot fire him under the law before his term ends in 2026. While the Fed did …

US FOMC to announce interest rate decision soon: Will Fed cut rates due to Trump pressure?
2 months ago

US FOMC to announce interest rate decision soon: Will Fed cut rates due to Trump pressure?

Firstpost  

Last week, Trump revived his criticism of the Fed and its chair Jerome Powell, whom he first appointed to run the US central bank. ‘I’ll demand that interest rates drop immediately,’ he said After three interest rate cuts in a row, the US Federal Reserve is expected to take a breather on Wednesday and signal it will remain on pause …

Fed hold rates steady, sees inflation as ‘elevated,’ as Powell declines comment on Trump
2 months ago

Fed hold rates steady, sees inflation as ‘elevated,’ as Powell declines comment on Trump

Associated Press  

WASHINGTON — The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue. In a statement, the Fed said the job market is “solid,” and noted …

Fed pauses interest rate cuts. What happens next may depend on Trump
2 months ago

Fed pauses interest rate cuts. What happens next may depend on Trump

LA Times  

President Trump nominated Jerome Powell to be the Fed chair in 2017 but frequently criticized him for not lowering interest rates in Trump’s first term. After three successive interest rate cuts, the Federal Reserve on Wednesday made no change in its benchmark lending rate amid new economic uncertainties over the outlook for inflation and President Trump’s continued threats of new …

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