Trump demands Fed rate cut amid rising CPI
- —Trump: the U.S. should have the world's lowest interest rate
- —August CPI: +0.4% month-over-month and +3.4% year-over-year
- —Market prices an 86% probability of a September rate hike
- —The FOMC meeting will be held on September 15-16
Why it matters: Trump's pressure on the Fed heightens risks for the dollar and crypto market volatility ahead of the rate decision.
Source: Blockmedia