Fed unlikely to cut rates despite pressure
From breakingthenews.net
The United States Federal Reserve is set to announce its interest rate decision later today, with analysts predicting that rates will remain in the current range of 4.25% and 4.50%, amid persisting uncertainty surrounding the impact of tariffs on global trade. US President Donald Trump has repeatedly attacked Fed Chair Jerome Powell for not lowering the rates and argued for a three-point cut, adding that "each point" would save the US economy $360 billion. Notably, Washington and Brussels reached a trade deal over the weekend, lowering the tariff rate on the EU to 15%. Previously, the US also concluded a trade ...
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