Trump Threatens to Halt Trade with Deficit Countries if Fed Doesn't Cut Rates

US President Donald Trump has intensified his pressure on the Federal Reserve to cut interest rates. In a post on Truth Social, Trump threatened to halt trade with countries where the US has a trade deficit unless the Fed reduces borrowing costs.

The president argued that high interest rates put the US at an unfair disadvantage and called for the country to have the lowest borrowing costs in the world.

This move follows the release of stronger-than-expected job growth data from the US Bureau of Labor Statistics, which has boosted market expectations that the Federal Reserve could hike interest rates instead of cutting them at its September meeting.