In a recent interview, President Trump clarified that he has no plans to fire Federal Reserve Chair Jerome Powell despite ongoing criticism regarding interest rate cuts. He hints at a potential change in leadership in the future.
In a shocking turn of events, US stocks and the dollar have plummeted as President Trump unleashes a barrage of attacks on Federal Reserve Chair Jerome Powell, calling for immediate interest rate cuts to avert an economic slowdown.
Goldman Sachs forecasts three interest rate cuts this year, citing increased recession risks and tariff uncertainties linked to Trump's upcoming announcement. The firm predicts a 35% chance of recession within a year.
Stock futures rose after the Federal Reserve hinted at two potential interest rate cuts in 2025. Major indices rebounded from a sell-off, with the Dow gaining 0.9% and the Nasdaq 1.4%. Investors remain optimistic despite inflation concerns.
As the Federal Reserve prepares to hold interest rates steady, tensions rise over Trump's impending tariffs. Experts warn of a potential trade war that could destabilize the U.S. economy, complicating the Fed's path forward.
The Federal Reserve's latest inflation data shows a slight cooling, hinting at potential interest rate cuts that could benefit consumers. Discover what this means for the markets amid rising tariffs and economic uncertainty.
