Forex
Trump Demands Rate Cut Amid Trade Deficit Threats
US President Donald Trump has threatened to halt trade with countries that have a deficit with the US unless the Federal Reserve cuts interest rates. This comes after stronger-than-expected job creation in August, which has led traders to bet on an interest rate hike this month. According to Trump, high interest rates put the US at an unfair disadvantage, and he says he won't allow it to happen.
Trump made his comments on Truth Social, stating that the US should have the lowest interest rate in the world. He warned that if the Fed doesn't cut rates, he'll stop trading with countries that have a deficit with the US.