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Trump's "interest rate cut dream" may be shattered? JPMorgan: The Federal Reserve is in a dilemma and reluctant to take any rash action!
① JPMorgan pointed out that despite President Trump's call for the Federal Reserve to lower interest rates, the Federal Reserve may not lower rates at this week's policy meeting, and the likelihood of rate cuts in subsequent meetings is also low; ② Federal Reserve officials face dilemmas in monetary policy, mainly due to rising inflation expectations and the economy's recession not yet being absorbed by the market.
Before the Federal Reserve announces its interest rate decision, traders' expectations for a rate cut have cooled: betting on only three times this year.
Traders bet that the Federal Reserve will need to wait longer to continue lowering interest rates.
Powell Unlikely to Offer Much Clarity -- Market Talk
The trade deficit in the USA has expanded to a record level.
Due to companies rushing to increase imports before the Trump administration implemented widespread tariff policies, the USA trade deficit expanded to a record level in March.
US Trade Deficit Surges To Record High In March
Will Powell Defy Trump Again? Here's What The Fed Chair Might Say On Wednesday