Editor's PiCK
CPI falls short of expectations… Trump again urges Fed to cut interest rates
Son Min
Summary
- It was reported that the United States' May Consumer Price Index (CPI) fell short of Wall Street expectations.
- Donald Trump, former President of the United States, reiterated his call for the Fed to cut the benchmark interest rate by 100bp.
- President Trump stressed that the reduction in interest rates would greatly reduce the interest burden on debt.
The United States' May Consumer Price Index (CPI) fell short of expectations, and Donald Trump, former President of the United States, urged the Fed to lower interest rates.
On the 11th (local time), President Trump emphasized through Truth Social, "The Consumer Price Index has been released. Incredible numbers," adding, "The Fed should cut the benchmark interest rate by 100bp." He continued, "If rates are reduced, the interest burden on maturing debt will decrease," calling it a "very important issue."
Previously, on the 6th, President Trump had also argued for a 100bp cut to the benchmark interest rate.
Meanwhile, the US May CPI announced today rose 2.4% year-on-year, falling short of the Wall Street estimate (2.5%).
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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