Trump Issues Ultimatum to Fed: Cut Rates or Face Trade War With the World
· finance.yahoo.com
The U.S. economy just delivered an awkward message to Washington: Growth remains strong enough that financial markets are pricing in higher interest rates, even as President Donald Trump demands the opposite. Employers added 162,000 jobs in August, nearly triple the roughly 55,000 economists expected, while unemployment held at 4.1%, according to the Bureau of Labor […]
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Trump threatened to halt trade with all deficit countries unless the Fed cuts rates, while markets now price a 60% chance of a September hike.
Trum...