US President Trump says today's job numbers were great, US should be paying much less on its borrowings, says US is the strongest country in the world and should be paying the lowest interest rate, by far
Newsquawk Staff ·
- Trump says lower rates would save at least one trillion dollars per year.
- Full Post: "GREAT JOBS NUMBERS, FAR GREATER THAN EXPECTED! The United States of America should be paying MUCH LESS on its Borrowings (BONDS!). We are again the strongest Country in the World, and should therefore be paying the LOWEST INTEREST RATE, by far. This would be an INTEREST COST SAVINGS OF AT LEAST ONE TRILLION DOLLARS PER YEAR - BALANCED BUDGET, PLUS. WOW! The Golden Age of America is upon us!!! President DJT"
What it means
Trump's comments on the job figures being better than expected may lend a positive sentiment to the labor market. His call for lower borrowing costs suggests he believes that a robust economy can support reduced interest rates, which could influence market expectations regarding fiscal policy and raise questions about future rate decisions by the Fed, potentially impacting bond and equity markets.
Sources
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
- US President Trump says the US will officially ban the term "AI/Artifical Intelligence", due to inaccuracy
- US President Trump says believes I will visit tanker in Texas with Venezuela oil; thinks Secretary of State Rubio will be with him; we are going to accept 1mln bbls of Venezuelan oil
- US President Trump on Truth says "Consumer Confidence is up 7.5%, an extremely big rise"
- US President Trump posts "Congratulations to Lorne Doerkson on his Big Victory. Conservatives are moving strong in Canada!"
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