Truth Social

Truth

Jerome Powell

Chair

would

<p class="is-style-lead">Markets are reacting to the Fed’s interest rate decision, amid ongoing concerns over trade policy. </p> 
<div id="cn-block-summary-block_e8bf267b25c380e65bf3f68bd9e332bf" class="cn-block-summary"> 
 <div class="cn-block-summary__nav tabs"> <span class="tabs__item is-selected">Summary</span> 
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  <ul class="wp-block-list"> 
   <li>The Fed will maintain interest rates steady</li> 
   <li>Trump continues to call for lower rates</li> 
   <li>Tariffs remain a concern for inflation</li> 
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<p>Major U.S. stock indices were up after the expected Fed decision on interest rates. On Wednesday, July 30, the FOMC decided to maintain rates at 4.25% to 4.50%. Low unemployment and still somewhat elevated inflation influenced the decision to postpone a rate cut. </p> 
<p>Still, the vote was split, with Trump appointees Michelle W. Bowman and Christopher J. Waller arguing for a rate cut. Following the decision, Dow Jones was up 0.03%, the S&amp;P 500 rose 0.22%, while the tech-heavy Nasdaq rose 0.46%. </p> 
<p>The Fed’s decision comes despite Donald Trump’s ongoing pressure on Fed Chair Jerome Powell to lower interest rates. In a latest post on his social media platform Truth Social, Trump <a href="https://finance.yahoo.com/news/trump-says-powell-must-lower-interest-rates-now-following-gdp-uptick-134202172.html" target="_blank">highlighted</a> the 3% GDP growth figures, arguing that it’s now time to lower interest rates. </p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>“‘Too Late,’ MUST NOW LOWER THE RATE,” Trump said in a Truth Social post. “No Inflation! Let people buy, and refinance, their homes,” he added.</p> 
</blockquote> 
<p> You might also like: <a href="https://crypto.news/bitcoin-range-fed-rate-decision-tech-earnings-loom/"> Bitcoin range-bound ahead of Fed rate decision, tech earnings, and ETF data </a> </p> 
<h2 class="wp-block-heading" id="trump-threatens-new-tariffs-on-india">Trump threatens new tariffs on India</h2> 
<p>Along with pressures on the Fed, Trump is also escalating his threats against U.S. trade partners. On Wednesday, the U.S. President threatened that goods from India would be subject to a 25% tariff, following the Friday, August 1, deadline. He also highlighted India’s purchase of Russian military equipment, for which the country will be paying an additional penalty.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>“ALL THINGS NOT GOOD! INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST,” Trump posted.</p> 
</blockquote> 
<p>Markets are now gaining immunity to Trump’s aggressive trade rhetoric. After securing a major win in trade negotiations with the EU, the focus is now on U.S. talks with China. </p> 
<p> You might also like: <a href="https://crypto.news/sen-lummis-slams-fed-chair-powell-over-his-role-in-operation-chokepoint-2-0/"> Sen. Lummis slams Fed Chair Powell over his role in Operation Chokepoint 2.0 </a> </p>

Dow Jones edges higher, Fed maintains rates in a split vote

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