'Great numbers': Trump pushes US Fed for 'one full point' rate cut after CPI data; markets weigh US-China trade deal
Wednesday, 11 June 2025 () President Trump urged the Federal Reserve to cut interest rates by a full percentage point following the release of Labor Department data showing a 2.4% rise in the Consumer Price Index. While overall inflation remains tame, economists caution that tariffs could soon drive up retail prices, potentially complicating the Fed's decision-making process as they monitor the economic impact.
President Trump has announced the finalization of a major trade agreement with China, declaring "It's done." The deal includes upfront rare earth mineral supplies from China, a long-standing sticking point in talks. Surprisingly, China will face only 10% tariffs, while the U.S. will impose 55% on...
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Wednesday, 11 June 2025 ()
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