US Edition
Federal Reserve's Bowman Says Rate Cut Should Be on Table in July
- Michelle Bowman, a Federal Reserve governor, indicated on Monday that the central bank might lower interest rates at the July 29-30 meeting if inflationary pressures remain under control.
- This statement followed months of escalating pressure from President Trump urging Fed Chair Jerome Powell to reduce rates amid a muted inflation effect from tariffs and a split among Fed officials on rate policy.
- Markets showed a predominantly bullish sentiment on Monday with modest gains in all three major U.S. stock indexes, aided by speculations about possible rate cuts despite geopolitical tensions from recent U.S. airstrikes on Iran.
- Yields on U.S. 10-year Treasuries declined by 6.3 basis points to settle at 4.312%, while the two-year note decreased to 3.836%, signaling growing anticipation of monetary policy easing. Additionally, strategist Vail Hartman highlighted that lower oil prices help to reduce inflationary concerns.
- Bowman’s readiness for cuts and another official’s similar stance raised expectations for rate reductions as early as July, suggesting the Fed may prioritize supporting the labor market over tariff-driven inflation fears.
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Trump says US interest rates should be at least two to three points lower
(Reuters) -U.S. President Donald Trump on Tuesday said interest rates should be at least two to three points lower and the U.S. Federal Reserve could increase them later if things turned negative.
·Colorado Springs, United States
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Associated Press News+39 Reposted by 39 other sources
Federal Reserve's Bowman says rate cut should be on table in July
Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key interest rate as soon as its next meeting in July, underscoring deep divisions among Fed officials as they endure sharp criticism from the White House.
·United States
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Coverage Details
Total News Sources69
Leaning Left13Leaning Right2Center37Last UpdatedBias Distribution71% Center
Bias Distribution
- 71% of the sources are Center
71% Center
L 25%
C 71%
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