Donald Trump Latest News: Trump Urges Fed To Cut Interest Rates Despite Strong US Jobs Data; Nearly 60% of Traders Bet On September Hike
India, Sept. 5 -- US President Donald Trump has renewed his call for lower interest rates, arguing that elevated borrowing costs are putting the United States at an unfair economic disadvantage. His remarks come as stronger-than-expected August jobs data has increased expectations that the Federal Reserve could consider raising interest rates at its September meeting. The US economy added 162,000 jobs in August, significantly above the 56,000 increase expected by analysts, according to the data cited in the report. Hiring gains were led by sectors including hospitality and education. The stronger employment report has complicated the outlook for the Federal Reserve, with inflation still above its 2% target and markets reassessing the poss...
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