President Trump is urging Jerome Powell to cut interest rate
Javed Aziz
Updated at: 2 hours ago
{"content":"President Trump is urging Jerome Powell to cut interest rates, citing the housing industry's struggles 🏠. According to market predictions, a rate cut in September is likely, with a 39.2% chance of a 25-basis-point reduction and a 60.8% chance of no change. The odds have shifted after the PCE inflation data came in hotter than expected .
Why the Push for a Rate Cut 🤔
- Housing Industry Concerns: Trump believes higher interest rates are hurting the housing industry badly, impacting economic growth and stability.
- Economic Indicators: Weakening job market and moderating inflation figures have increased the likelihood of a rate cut.
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Market Expectations 📊
- September Rate Cut: 39.2% chance of a 25-basis-point cut, 60.8% chance of no change.
- Future Projections: Some economists predict additional rate cuts later in the year, depending on economic conditions.
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Potential Impact 📈
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- Housing Market: Lower interest rates could boost the housing market by reducing borrowing costs and increasing demand.
- Economic Growth: Rate cuts can stimulate economic activity, but also risk reigniting inflationary pressures .#PowellWatch #market #Altcoins! #altsesaon #news $SOL $ARB $W $
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