๐จ **Urgent: President Trump urges the Federal Reserve to cut interest rates by a full point!**
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๐ Event Details:
Following the release of the Consumer Price Index data for May (CPI), Trump considered the numbers "fantastic," and renewed his call on Truth Social stating:
"FED SHOULD LOWER ONE FULL POINT. WOULD PAY MUCH LESS INTEREST ON DEBT COMING DUE. SO IMPORTANT!!!"
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๐ **What are the inflation numbers?**
Year-over-year, the Consumer Price Index rose by 2.4%, while core inflation (exโfood & energy) increased by **2.8%**.
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๐ฌ Reactions:
โ Markets raised the chances of a rate cut in September
โ Vice President JD Vance described the Fed's policy as "a wrong fiscal practice"
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โDo you think a quick cut from the Fed will stimulate the economy? Or could it worsen inflation later?
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