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How an inflation uptick and Trump’s pressure complicate the Fed’s interest rate decision
A new report shows inflation has picked up and analysts believe the prices of many goods increased, in part, because of President Trump’s tariffs. It will play into decisions by the Federal Reserve about when and whether to cut interest rates and comes as the president and his team have ramped up their pressure campaign on Fed Chair Jerome Powell.
Trump urges Fed to lower interest rates as new inflation data shows slight rise
President Trump is urging the Federal Reserve to lower interest rates following the release of Consumer Price Index (CPI) data for June, which shows a 0.3% increase. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
The Federal Reserve left interest rates unchanged in its fourth meeting of 2025. The Fed aims to bring inflation down to 2%, ...
President Trump says Fed rate cuts would save the government as much as $900 billion a year in interest payments on its debt.
It might help to think that if U.S. President Donald Trump hadn’t introduced tariffs, his other policies could have also pushed inflation forecasts higher.
Trump criticizes Fed chair Powell for keeping rates "artificially high," sending him a chart comparing global rates and ...
At a 24.61% rate and paying $250 each month, it will take 26 months and $1,501 in interest to pay off the balance. Lower the rate a half-point to 24.11%, and it will take 26 months and $1,459 in ...
USA: Interest Rate Cuts Should Help NAV Growth. Oct. 09, 2024 6:20 AM ET Liberty All-Star Equity (USA) SPY, QQQ, USA 13 Comments. ... Interest rate cuts are expected to drive price ...
The US central bank has raised interest rates to the highest level in 16 years as it battles to stabilise prices. The Federal Reserve increased its key interest rate by 0.25 percentage ...
Interest rates for car loans have soared to levels last seen at the onset of the 2008 financial crisis, Edmunds found. Interest rate cuts would bring many of those payments down, delivering ...
Michael Gapen, the head of the bank's US Economics team, expects the first Fed rate cut to come in June and a pace of cuts around 25 basis points per quarter through the end of the year.
That brings down the federal funds rate — the interest rate banks charge each other for borrowing money — to a range of 4.5% to 4.75% from its current 4.75% to 5% level.
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