Inflation Is Spiking - but the Fed Could Still Cut Rates (And It Has Nothing to Do with Trump)
4 Articles
4 Articles
Inflation Is Spiking - but the Fed Could Still Cut Rates (And It Has Nothing to Do with Trump)
The June meeting of the Federal Open Market Committee will be the first under new chairman Kevin Warsh, and all signs point to the fact that the Fed will keep rates stable, despite President Trump’s clear hopes that a shift in Fed leadership would lead to a long-anticipated rate cut. Since Warsh was sworn in ... Inflation Is Spiking – but the Fed Could Still Cut Rates (And It Has Nothing to Do with Trump)
No Fed Rate Cuts Anytime Soon
Donald Trump has made no secret of his hope for early interest rate cuts from Kevin Warsh, the Federal Reserve’s new head. This sets Mr. Trump up for deep disappointment. It is not only that Mr. Warsh does not have the necessary votes on the Federal Reserve’s Open Market Committee (FOMC) to cut rates. It is also that Trump’s war of choice in Iran, coupled with his reckless budget and import tariff policies, offer strong arguments against the app…
According to a recent Reuters survey, a growing number of economists expect the US central bank to leave its key interest rate unchanged until the end of 2026. Inflation may remain higher than expected, while rising energy prices due to conflicts in the Middle East and a still strong labor market reduce the chances of a rate cut.
The US Federal Reserve (Fed) will keep its key interest rate at its current level until the end of this year, according to most economists surveyed by Reuters. The reason is that inflation in the US caused by the war in Iran has proven to be more persistent than expected. Almost 70 percent of the economists surveyed predict that the Fed's key rate will remain in the current range of 3.5 to 3.75 percent until the end of 2026. Last month, less tha…
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