Summary
- U.S. President Donald Trump urged Federal Reserve Chair Jerome Powell to cut interest rates.
- The U.S. Producer Price Index (PPI) for August fell 0.1% month-on-month, supporting the possibility of a benchmark interest rate cut.
- According to the Chicago Mercantile Exchange (CME) FedWatch, the probability of a 50bp rate cut by the Fed in September is 10.2%.
U.S. President Donald Trump urged Federal Reserve (Fed) Chair Jerome Powell to cut interest rates.
On the 10th (local time), according to Walter Bloomberg, U.S. President Donald Trump said, "Powell should cut interest rates sharply right now."
Meanwhile, the U.S. Producer Price Index (PPI) for August fell 0.1% month-on-month, bolstering the possibility of a benchmark interest rate cut. According to the Chicago Mercantile Exchange (CME) FedWatch, the probability that the Fed will cut rates by 50bp in September is 10.2%.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
