Trump's remarks come five days before the Fed's first policy meeting to be held during his administration - on Jan. 28 and 29 - with very broad expectations officials will leave rates unchanged.
Dan Ivascyn, chief investment officer at bond giant Pimco, told the FT separately on Wednesday that the central bank is poised to keep rates unchanged "for the foreseeable future" as Wall Street waits for more economic data and clarity on Trump's policies.
After President Trump dominated the market narrative in his first week in office, a Fed meeting, a check on the health of the US economy big tech earnings will also be in focus for investors in the week ahead,
President Donald Trump on Thursday said he would press the Federal Reserve to lower interest rates “immediately,” rekindling a fight over the historically independent U.S. central bank.
President Donald Trump on Thursday said he will call for a lowering of U.S. interest rates, exerting pressure on the Federal Reserve despite a longstanding norm of political independence at the central bank.
The strength of the US economy is making BlackRock Inc. Chief Executive Officer Larry Fink wonder if the Federal Reserve may have to resort to increasing interest rates later after easing in the short term.
At the World Economic Forum in Davos, industry leaders debated Bitcoin’s role as a reserve asset, the memecoin frenzy and crypto’s future amid Trump’s return to the Oval Office.
He has frozen federal hiring and signed an order allowing career civil servants to be fired at will. Read more at straitstimes.com.
Eurozone rate-setters are set to cut borrowing costs again this week, confident their efforts to lower inflation will remain on track despite the threat from US President Donald Trump's protectionist agenda.
LIVE: Markets in India are likely to continue on a cautious note, while engaging in stock and sector specific activity in the face of multiple headwinds and continued FII selling
Gold surged to record levels following a sharp drop in the US Dollar Index, driven by economic uncertainties stemming from Trump’s tariff policies.