Reported about 15 hours ago
The Federal Reserve is poised to keep interest rates unchanged for the fourth consecutive meeting, contrasting sharply with the European Central Bank, which has recently lowered rates for the eighth time in a year. This disparity arises from divergent economic conditions in the US and Europe, exacerbated by trade tensions and differing inflation forecasts. While the Fed remains cautious about rate cuts due to stronger consumer demand in the US, the ECB is responding to low inflation and growth threats in Europe. The ongoing gap in monetary policy has caught the attention of President Trump, who pressures the Fed to lower rates amidst critiques of their approach.
Source: YAHOO