Trump Pushes Rate Cuts as Markets Price in Fed Hike
- Trump–Fed clash grows as markets price a September hike despite calls for lower rates.
- August jobs data could be the decisive trigger shaping whether the Fed hikes or pauses next.
- Weak data could reverse the trend, supporting a risk-on move across crypto markets.
Trump wants cheaper money, but traders are betting on the opposite. That collision is now one of the important stories in markets, and this week’s jobs data could decide who’s right. The Federal Reserve is now projected to raise interest rates by 25 basis points in September, a shift that puts it on a direct collision course with President Trump.
Trump has repeatedly called current interest rates, sitting at 3.50% to 3.75%, too high, arguing strong economic data should make the US a better borrower. But Fed Chair Kevin Warsh, Trump’s own pick to replace Jerome Powell, just undercut that message. At Jacks…
Read The Full Article Trump Pushes Rate Cuts as Markets Price in Fed Hike On Coin Edition.
This content is automatically aggregated. Full credit goes to the original publisher (coinedition.com).
