Wednesday 18 June 2025 is FOMC meeting. Trump has been pressuring Powell to lower the Fed rate, even threatening to replace Powell if he doesn't, which Trump actually does not have the power to do so, although he can support his candidate and influences.
Given the high rate of tariff is affecting the goods prices that America relies on many imports, and now that the oil price is closer to $80, my guess is Fed will hold the rate steady, and watch for the next few weeks first.
What do you think?
