Trump Regime Intervention Undermines US Dollar Independence

The Trump regime's intervention in financial markets has become the norm in the US. The recent stronger-than-expected Non-Farm Payroll jobs increase, which saw a jump of 162,000 new jobs, is just one example of this trend.

President Trump has insisted that interest rates need to be lowered, despite a strong economy and improved credit standing for the US government. This move undermines the independence of the Federal Reserve and creates uncertainty in financial markets.

The market is now pricing in a 60% probability of a 0.25% Fed Funds interest rate hike at their next meeting on September 16th, but a softer-than-forecast inflation result could change this.