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Tag: Interest Rates

JP Morgan CEO Jamie Dimon Defends Fed Independence Amid Trump’s Intensified Attacks and Succession Talks

JP Morgan CEO Jamie Dimon Defends Fed Independence Amid Trump’s Intensified Attacks and Succession Talks

JP Morgan CEO Jamie Dimon Defends Fed Independence Amid Trump’s Intensified Attacks and Succession Talks Jamie Dimon, CEO of JP Morgan Chase, has strongly defended the Federal Reserve’s independence, calling it “absolutely critical” amidst escalating pressure from Donald Trump for immediate interest rate cuts. Dimon’s comments were made as the White House confirmed it has already initiated a process to select a successor for current Fed Chair Jerome Powell, despite his term not concluding until May next year. Trump has…

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Fed Cuts Growth Forecast Amid Escalating Tariff Fears

Fed Cuts Growth Forecast Amid Escalating Tariff Fears

Fed Cuts Growth Forecast Amid Escalating Tariff Fears The US central bank has lowered its economic growth forecast, citing President Donald Trump’s tariffs as a clear driver of rising prices. The Federal Reserve, which kept interest rates unchanged, stated it is closely monitoring the impact of White House policies. This decision, widely anticipated, maintains the benchmark interest rate at approximately 4.3%, a level held since December. Following the announcement, President Trump urged the Fed to cut rates, stating on Truth…

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Fed Minutes Expose Deep Divisions on Rate Cuts, Hint at July Action

Fed Minutes Expose Deep Divisions on Rate Cuts, Hint at July Action

Fed Minutes Expose Deep Divisions on Rate Cuts, Hint at July Action Newly released minutes from the Federal Reserve’s late June meeting reveal significant internal divisions among policymakers regarding the future path of interest rates. Despite a unanimous vote to maintain the current base rate at 4.25%-4.5% last month, the notes, released yesterday, indicate growing dissent within the Federal Open Market Committee (FOMC). A majority of participants expressed a desire to see a rate cut this year, with some even…

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June Jobs Report Surges, Dashing July Rate Cut Hopes and Boosting Stocks

June Jobs Report Surges, Dashing July Rate Cut Hopes and Boosting Stocks

June Jobs Report Surges, Dashing July Rate Cut Hopes and Boosting Stocks The U.S. labor market demonstrated surprising strength in June, with job growth significantly exceeding forecasts. This robust performance is poised to reduce the likelihood of the Federal Reserve implementing an interest rate cut at its upcoming July meeting, while simultaneously energizing Wall Street. According to the Labor Department’s latest report, the U.S. economy added 147,000 jobs in June, comfortably surpassing economists’ projection of 110,000. Concurrently, the unemployment rate…

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Federal Reserve Signals Potential July Interest Rate Cut Amid Economic Shifts

Federal Reserve Signals Potential July Interest Rate Cut Amid Economic Shifts

Federal Reserve Signals Potential July Interest Rate Cut Amid Economic Shifts Federal Reserve Chairman Jay Powell has indicated a willingness to consider a reduction in the benchmark US interest rate as early as this July. This signal comes as financial markets closely monitor economic indicators and inflation trends, anticipating potential shifts in monetary policy. While the full scope of Powell’s comments and the detailed rationale behind this potential move are reserved for subscribers, the headline alone suggests a significant development…

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Donald Trump Pledges to Appoint Only Fed Chair Committed to Interest Rate Cuts

Donald Trump Pledges to Appoint Only Fed Chair Committed to Interest Rate Cuts

Donald Trump Pledges to Appoint Only Fed Chair Committed to Interest Rate Cuts Former President Donald Trump has publicly declared that any future appointment he makes for the position of Federal Reserve Chair would be conditional on the nominee’s commitment to cutting interest rates. This statement signals a clear intent regarding monetary policy should he return to office, emphasizing a desire for lower borrowing costs and potentially setting the stage for a contentious relationship with the central bank, which traditionally…

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The Fed’s Tightrope Walk: Trade Wars, Middle East Tensions, and the US Economy

The Fed’s Tightrope Walk: Trade Wars, Middle East Tensions, and the US Economy

The Fed’s Tightrope Walk: Trade Wars, Middle East Tensions, and the US Economy Hey friend, so the Federal Reserve (the Fed, for short) is having a super important meeting this week, and things are pretty complicated. Imagine them trying to walk a tightrope – that’s basically what they’re doing. On one side, we have the escalating situation in the Middle East. Missile exchanges between Israel and Iran have sent oil prices jumping (though they’ve calmed down a bit since), which…

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Trump’s Pressure Mounts as Fed Weighs Rate Cuts Amidst Global Uncertainty

Trump’s Pressure Mounts as Fed Weighs Rate Cuts Amidst Global Uncertainty

Trump’s Pressure Mounts as Fed Weighs Rate Cuts Amidst Global Uncertainty The Federal Reserve’s upcoming meeting has investors and President Trump on edge. While a rate hike is unlikely, the focus is squarely on the “dot plot”—a chart revealing each Fed official’s interest rate predictions. The March dot plot showed a consensus for two rate cuts in 2025, a prediction repeated from December. This week’s update will reveal if that remains the case amidst escalating global tensions. Recent events, including…

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