#FOMCMeeting ๐ Although inflation has decreased, it hasnโt reached the sustained 2% target.
Powell fears a premature rate cut could reignite consumer spending and push prices back up.
The labor market remains relatively strong, giving him room to stay firm for now.
๐ญ So why is Trump applying pressure now?
He wants to stimulate the economy ahead of the 2024โ2025 elections.
A rate cut would weaken the dollar and boost stocks, crypto, and real estate โ political oxygen for his campaign.๐ฎ๐ผโโ๏ธ๐
