Trump, Inflation and Consumer Price Index
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P resident Donald Trump responded to the acceleration of consumer price inflation with a renewal of his demand for the Federal Reserve to cut interest rates immediately.
Inflation rose last month to its highest level since February as President Donald Trump's sweeping tariffs are pushing up the cost of a range of goods, including furniture, clothing, and large appliances.
So, the Trump Administration is arguing there is no real inflation threat, and the Federal Reserve should cut interest rates. The Fed's federal funds rate is a 4.25% to 4.5%.
The Indian rupee is likely to open weaker on Monday after fresh tariff threats from U.S. President Donald Trump intensified concerns over trade tensions, sparking risk aversion and weighing on Asian currencies.
U.S. stock futures fell Sunday, a day after President Donald Trump threatened to impose new 30% tariffs against imports from Mexico and the European Union. Dow Jones Industrial Average futures dropped about 180 points,