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Market Commentary: Two things are certain, The Federal Reserve (FED) will not cut interest rates, and Trump will criticize.
Jin10 data June 19 news, Standard Bank economist Steven Barrow stated that there are two certainties in today’s meeting: The Federal Reserve (FED) will not cut interest rates, and Trump will criticize this decision. Regarding the conflict between Trump and Powell, please note two things that have happened since the May policy meeting: The Supreme Court seems to have confirmed Powell’s past view that Trump cannot fire him; Trump directly urged Powell to cut interest rates during a meeting with the Federal Reserve (FED) Chairman at the White House.