US EditionFederal Reserve to Announce Interest Rate Cut Amid Economic Slowdown, Pressure From President Trump
The Federal Reserve faces political pressure from President Trump amid labor market weakness, with analysts forecasting a 25 basis points rate cut to mitigate recession risks.
- Analysts now broadly expect a 25 basis points rate cut at the end of the U.S. Federal Reserve's two-day policy meeting on Wednesday, marking the first cut of 2025 amid slowing hiring and political pressure from President Donald Trump.
- Wells Fargo noted the labor market is precarious, with stagnant job growth, deteriorating worker sentiment, and rising recession risks amid inflation pressures as the consumer price index rose to 2.9 percent on Thursday.
- This is a group that votes almost in unison over decades,
- Come Wednesday, markets will focus on signals about the Federal Open Market Committee's future pace and size of rate cuts, while analysts warn markets may be underpricing risks to central bank independence.
- Diane Swonk, KPMG chief economist expects this to mark the start of an easing cycle, while presidents of the 12 regional Federal Reserve banks come up for reappointment every five years, giving the board leverage.
82 Articles
82 Articles
Federal Reserve to announce interest rate cut amid economic slowdown, pressure from President Trump
The Federal Reserve is set to announce an interest rate cut this week in response to a slowing economy, making clear it is not surrendering to President Donald Trump's demands.
The Federal Reserve is expected to cut interest rates. What would this mean for you?
NPR's Ayesha Rascoe talks to University of Michigan economist Justin Wolfers about the Federal Reserve meeting this week and what the expected interest rate cut could mean for the economy.
ABC FOX Montana
US Fed poised for first rate cut of 2025 as political tension mounts
The US Federal Reserve is widely expected to make its first interest rate cut of the year at its policy meeting this week, spurred by a weakening jobs market -- but political tension looms over the gathering.
US Fed Poised For First Rate Cut Of 2025 As Political Tension Mounts
The US Federal Reserve is widely expected to make its first interest rate cut of the year at its policy meeting this week, spurred by a weakening jobs market -- but political tension looms over the gathering.
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