Trump Hails CPI Numbers, Repeats Call to Lower Rates

Trump Hails CPI Numbers, Repeats Call to Lower Rates

Donald Trump is advocating for a three-point reduction in the Federal Reserve's interest rates to save an estimated $1 trillion on national debt payments, citing lower-than-anticipated consumer price index numbers and downplaying concerns that his tariffs are causing significant inflation, despite some media reports and Federal Reserve Chair Jerome Powell suggesting otherwise.

The dollar index (DXY) is softened below 98.00 as the spirits of the American CPI calm - World Stock Market

The dollar gives previous profits as the impact of the strong inflation figures of the US decreases. High interest rates of Fed interest for a longer time will probably keep the short positions in the US dollar limited. Investors will be attentive to US IPP data later today to confirm inflationary trends. The US dollar is withdrawing from the maximum of three weeks of 98.25, reached on Tuesday, after the publication of the figures of the US cons…

US Dollar gains ground after CPI, Trump calls for lower interest rates | The New York Ledger

The United States Dollar restores ground after the June CPI release, with the DXY trading above the 98.00 mental level. Market belief remains mindful amidst relentless tariff risks from United States President Donald Trump. The United States Dollar (USD) extends its intraday bear down Tuesday after the release of the June Customer Rate Index (CPI) report, as traders reassess their expectations of financial policy alleviating by the Federal Reser…

US CPI offers few reasons to cut, but poses downside dollar risks - Monex Canada

The long-awaited US CPI data for June largely matched consensus expectations, with price growth rising across the board. That said, the data also did little to settle the argument around whether the Fed need be concerned with tariff pass-through, offering evidence favouring both sides of the argument. All told, we see little reason for imminent cuts, based on this latest set of readings. Rather, we continue to think that the FOMC will hold rates…

US CPI offers few reasons to cut, but poses downside dollar risks - Monex Europe

The long-awaited US CPI data for June largely matched consensus expectations, with price growth rising across the board. That said, the data also did little to settle the argument around whether the Fed need be concerned with tariff pass-through, offering evidence favouring both sides of the argument. All told, we see little reason for imminent cuts, based on this latest set of readings. Rather, we continue to think that the FOMC will hold rates…