Amidst ongoing concerns on business policy, the market is reacting to the decision of the fed interest rate.
Summary
- Fed will stable interest rates
- Trump continues to call for low rates
- Tariff is a concern for inflation
The major American stock indexs were above the expected Fed decision rate. On Wednesday, 30 July, FOMC decorated to maintain the rate of 4.25% to 4.50%. Low unemployment and still somewhat elevated inflammation inflamed the decision to postpone the rate cut.
Nevertheless, the vote was divided, Trump appointed Mitchell W. Bowman and Christopher J for a rate cut. Waller Operation. After the decision, Dow Jones was 0.03%, S&P 500 increased 0.22%, which increased technology-rice NASDAQ 0.46%.
Fed’s decision has come to reduce the interst rates despite Donald Trump’s ongoing Poram Jerome Powell. In a latest post on his social media platform Truth, Trump highlighted the figures of 3% GDP girls, arguing that to reduce low interest rates now.
“It’s too late,” now the rate should be lower, “Trump in a true post Trump Simid. “No inflation! Let people buy, and refinance, their homes,” he said.
Trump threatens new tariffs on India
With pressure on the fed, Trump is also growing. On Wednesday, the US President wounded the goods from India under 25% tariffs on Friday, 1 August, after the deadline. He also highlighted the purchase of India’s Russian military equipment, for which the country must have been paying additional fine.
Trump posted, “Not all things are good! India will have only 25%tariff, as well as a fine for the above, which starts first in August.”
Markets are now receiving immune for Trump’s aggression business rhetoric. After a major victory in trade talks with the European Union after security, now the US interaction with China is focused on.
