US President Trump says latest inflation numbers mean that Fed Chair Powell should cut rates meaningfully; if he doesn't he will just continue to be "TOO LATE!"
Newsquawk Staff ·
Full post: Inflation numbers for the USA. That means that Jerome “Too Late” Powell should cut interest rates, MEANINGFULLY!!! If he doesn’t he will just continue to be, “TOO LATE!” ALSO OUT, GREAT GROWTH NUMBERS. Thank you MISTER TARIFF! President DJT
What it means
Trump's comments suggest a hawkish shift in expectations for Fed policy, emphasizing the need for substantial rate cuts in light of recent inflation data. This could pressure Powell to act, as his inaction might conflict with market anticipations and Trump's rhetoric, potentially impacting USD strength and fixed income dynamics. Watch for market reactions across asset classes as this narrative develops.
Sources
- US Midterms Cheat Sheet for Traders
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms
- Israel has shared intelligence with the US asserting that Iran is considering the use of chemical weapons against its adversaries, information met with alarm by some American officials and deep skepticism by others, NYT reports citing sources
- Israeli PM Netanyahu was reportedly the one who proposed to US President Trump the ending of financial aid to Israel, N13 reports citing sources
- US EQUITY OPEN: Tech pares back some recent losses as US/Iran negotiations and US midterms are in focus
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