Fed expected to hold interest rates steady, defying Trump

[groundloop]

Source: ABC News

The Federal Reserve on Wednesday will issue a new decision on the level of its benchmark interest rate, testing a wait-and-see approach adopted by the central bank in recent months as it observes potential effects of President Donald Trump's tariff policy.

The posture of restraint at the Fed has elicited sharp and repeated criticism from Trump, who instead wants the central bank to cut interest rates in an effort to supercharge the U.S. economy.

The Fed, an independent federal agency, is widely expected to continue its defiance of Trump.

[....]

Fresh inflation data last week showed a slight acceleration of price increases, but inflation remains near its lowest level since 2021. Hiring slowed but remained sturdy in May as the uncertainty surrounding on-again, off-again tariffs appeared to curtail hiring less than some economists feared, a government report this month showed.

Read more: https://abcnews.go.com/Business/fed-expected-hold-interest-rates-steady-defying-trump/story?id=122923521

[bucolic_frolic]

1. Companies aren't firing because they fear everyone's ready to walk in the gig economy

They know the costs of replacement outweigh the costs of status quo. It's lower productivity either way.

[WSHazel]

2. A fed cut now would crush the dollar

The dollar is already slipping against other currencies, it doesn't need any more help. While a cheap dollar helps manufacturing and to a lesser extent Tech in the short term, it ravages investment returns relative to other currencies and would hurt the banks.

[wolfie001]

4. Sh7t flows downhill

I think WS and the tRUMP Administration is doing an amazing stall that Dean Smith would truly envy! 90 days here, 2 weeks there, negotiations are done, or we are still negotiating..... On and on.

[wolfie001]

3. Raise his BP and reduce his sleep

C'mon gawd, do something you lazy F.