$puppies is going off! Trump is pushing back hard against the Fed, and the new chair is facing the ultimate test.
The U.S. stock market is experiencing an intense battleground! May's non-farm payroll data blew expectations out of the water, with job numbers skyrocketing to double the forecast. The job market is making a full comeback, igniting interest rate hike expectations, and traders are collectively betting on a rate hike by the end of the year.
However, Trump has openly slammed the Fed, strongly asserting: there's absolutely no reason to hike rates, and instead, they should lower them! He argues that a strengthening economy shouldn't be penalized with rate hikes, as low rates can support defense spending and alleviate debt pressure, claiming the economy is robust enough to keep inflation in check.
This showdown has put the newly appointed Fed Chair, Waller, in a tough spot, as he faces his first interest rate decision under fire. Currently, the Fed's hawkish stance is on the rise, with multiple officials expressing support for rate hikes, even the seasoned doves are starting to waver.
Right now, U.S. inflation remains stubbornly high, far exceeding set targets, and the prospect of rate cuts has completely evaporated. On one side, the White House is firmly pushing for rate cuts, while on the other, both the market and the Fed lean towards rate hikes. Next week's inflation data could seal the fate of the final monetary policy direction. #美国CPI升至4.2%创三年新高
The U.S. stock market is experiencing an intense battleground! May's non-farm payroll data blew expectations out of the water, with job numbers skyrocketing to double the forecast. The job market is making a full comeback, igniting interest rate hike expectations, and traders are collectively betting on a rate hike by the end of the year.
However, Trump has openly slammed the Fed, strongly asserting: there's absolutely no reason to hike rates, and instead, they should lower them! He argues that a strengthening economy shouldn't be penalized with rate hikes, as low rates can support defense spending and alleviate debt pressure, claiming the economy is robust enough to keep inflation in check.
This showdown has put the newly appointed Fed Chair, Waller, in a tough spot, as he faces his first interest rate decision under fire. Currently, the Fed's hawkish stance is on the rise, with multiple officials expressing support for rate hikes, even the seasoned doves are starting to waver.
Right now, U.S. inflation remains stubbornly high, far exceeding set targets, and the prospect of rate cuts has completely evaporated. On one side, the White House is firmly pushing for rate cuts, while on the other, both the market and the Fed lean towards rate hikes. Next week's inflation data could seal the fate of the final monetary policy direction. #美国CPI升至4.2%创三年新高