US President Donald Trump has reiterated today that the Federal Bank (FED) should reduce interest rates by an entire unit, describing the data announced today for inflation. “The CPI has just been announced. Wonderful elements! The Fed must reduce (interest rates) by an entire unit. We will pay much smaller interest on overdue debt. It’s so important! ” Trump wrote on the Truth Social platform, using exclusively uppercase letters. The Consumer Price Index (CPI) increased by 0.1% in May, after an increase of 0.2% recorded in April. Inflation on an annual basis is 2.4%, while analysts estimated that it would grow to 2.5%. The US president is pleased to be satisfied because he believes he has containing inflation, although experts expected prices to be launched because of the duties imposed on imported products. Companies “still sell stocks” they had gathered before the duties were in place, commented on […]
Source: News Beast
With 6 years of experience, I bring to the table captivating and informative writing in the world news category. My expertise covers a range of industries, including tourism, technology, forex and stocks. From brief social media posts to in-depth articles, I am dedicated to creating compelling content for various platforms.
