President Trump is urging Jerome Powell to cut interest rates, citing the housing industry's struggles ๐Ÿ . According to market predictions, a rate cut in September is likely, with a 39.2% chance of a 25-basis-point reduction and a 60.8% chance of no change. The odds have shifted after the PCE inflation data came in hotter than expected ยน.

Why the Push for a Rate Cut ๐Ÿค”

- Housing Industry Concerns: Trump believes higher interest rates are hurting the housing industry badly, impacting economic growth and stability.

- Economic Indicators: Weakening job market and moderating inflation figures have increased the likelihood of a rate cut.

Market Expectations ๐Ÿ“Š

- September Rate Cut: 39.2% chance of a 25-basis-point cut, 60.8% chance of no change.

- Future Projections: Some economists predict additional rate cuts later in the year, depending on economic conditions.

Potential Impact ๐Ÿ“ˆ

- Housing Market: Lower interest rates could boost the housing market by reducing borrowing costs and increasing demand.

- Economic Growth: Rate cuts can stimulate economic activity, but also risk reigniting inflationary pressures .#newsdaily #CryptoNews๐Ÿ”’๐Ÿ“ฐ๐Ÿšซ #CryptoUpdates #MarketMeltdown #Altcoins๐Ÿ‘€๐Ÿš€ $BTC $ETH $DOGE