Trump Demands Rate Cut Amid Rising Interest Rates and Trade Concerns

US President Donald Trump has threatened to halt trade with countries that have a deficit against the US unless the Federal Reserve cuts interest rates.

In a post on his Truth Social platform, Trump stated that high interest rates put the US at an 'unfair disadvantage' and he would not allow it to happen.

The threat comes after the Bureau of Labor Statistics reported stronger-than-expected job creation in August, leading traders to increase their bets on an interest rate hike this month.