Astonishing! Trump’s call for rate cuts backfires, the truth is actually like this!

Since May, various economic data have dampened the possibility of the Federal Reserve quickly lowering interest rates. The anticipated rate cut in September may now be postponed until the end of the year.

Powell is not buying Trump’s urging: with re-election unlikely, the rush to cut rates could backfire significantly. He prefers to wait for the data to mature before taking action, ensuring a stable remaining term.

The conclusion is that rate cuts will come sooner or later, but the market must remain patient; the timing still needs to be awaited.