Angie Newman, UBS Global Wealth Manegement manager, discusses the market’s reaction amid commercial tensions and provides advice to clients and investors.
president Donald Trump On Friday, Federal Reserve Chairman Jerome Powell called for a full percentage interest rates.
“It is too late” at the Federal Reserve Disaster! “Trump wrote in a post on social truth.” Europe had 10 price cuts, we had nothing. Although, our country works great. Go to a complete degree, missile fuel! “
Trump’s publication came after the issuance of the Ministry of Labor employment report, which showed that the American economy added 139,000 jobs per month. This number was stronger than the Economists included in LSEG, who expected a profit of 130,000 jobs, but it is cooler than the revised increase to the bottom of 147,000 jobs in April.
Jerome Powell speaks to the right, after his candidacy for the Chairman of the Federal Reserve by President Donald Trump in the White House Park in Washington, DC, on November 2, 2017. (Saul Lub/AFP via Getty Images)
The growth of jobs continued to slow down in May, amid economic uncertainty
The president’s comments also follow European Central Bank (European Central Bank) The decision to reduce interest rates on Thursday.
The European Central Bank has now reduced borrowing costs eight times, or by 2 percentage points, since last June, seeking to support an economy in the euro zone, which has been struggling even before the policies of the economy and trade in the United States dealt.
with The inflation is now safe in the queue Thanks to its 2 % goal and a good division, the focus has turned into the European Central Bank’s message about the next track, especially since the rates of 2 % are now in the “neutral” range where it does not stimulate or slow growth.
Signs appear outside the European Central Bank building in Germany. (Reuters/Wolfgang Ratai)
The European Central Bank reduces interest rates with the extraction of bets on a summer pause
The president said, in a separate social position on Friday, that reducing interest rates would allow the United States to reduce short -term interest rates in the long term on the debts that are “due”.
“If it’s” very late “at the Federal Reserve will reduce, we will drop interest rates significantly, long and short, on the debts that come due.” “Biden mostly went in the short term. There is no longer any enlargement (anymore), but if he should return, raise” average. “
Federal Reserve Chairman Jerome Powell responds to a question during a discussion on the stage at a meeting of the Economic Club in Washington, at the Renaissance Hotel in Washington, DC. (Reuters/Amanda Andradi Rohuds/File Photo)
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The market is currently expecting a chance close to scratch to reduce prices after the next meeting of the Federal Reserve Mourning from June 17 to 18, according to the CME Fedwatch tool.
Trump recently Powell student To reduce interest rates on Wednesday, after ADP reported that companies in the private sector added only 37,000 jobs in May. The number has been the lowest since March 2023.
Reuters contributed to this report.
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