In a publication made in Truth Social on Monday, the president of the United States (US Jerome Powell to lower interest rates at the end of 2024 for political purposes.
“Preventive cuts are being requested in interest rates on the part of many. With very low energy costs, food prices (including the disaster of drum eggs!) Substantially lower, and most of the other ‘things’ in a downward trend, practically there is no inflation,” Trump said.
“With these low -trend costs, just as I predicted that they would do it, there can hardly be inflation, but there may be a slowdown of the economy unless Mr. Chosen, “he added.
Market reaction
He US dollar (USD) is still under persistent salesman on Monday. At the time of the publication, the USD index was lowering 1.2% in the day to 98.20.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
