The Fed discusses a rate hike and faces a head-on clash with Trump
90% of the market already discounts that the Federal Reserve will raise interest rates this Wednesday, while the White House redoubles pressure to lower the price of money.
The US Federal Reserve is expected to raise interest rates for the first time in three years, with 90% of the market predicting a 25 basis point increase. This move is likely to be opposed by US President Donald Trump, who has been pressuring the central bank to lower interest rates. The Fed's chairman, Kevin Warsh, has indicated that he is committed to keeping inflation at 2%, and recent data showing a 3.4% annual inflation rate in August has reinforced the case for a rate hike. The decision on interest rates is due to be announced on Wednesday.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
