Reported about 16 hours ago
As the Federal Reserve prepares for its upcoming meeting, it grapples with the challenge of balancing persistent inflation against a slowing economy, exacerbated by President Trump's looming tariffs. Trump is pushing for lower interest rates to avert economic downturns potentially caused by his policies, while Fed Chair Jerome Powell remains cautious, advocating for a careful evaluation of economic data. The outcome of this 'tug-of-war' could significantly affect interest rates in the coming months.
Source: YAHOO