Tradelines News

Get the latest news and updates on cross-border customs and international trade.

Trump Says It’s ‘Incredible’ U.S. Fed ‘Even Considering’ Raising Rates

(Craig Torres & Christopher Condon – Bloomberg)

U.S. President Donald Trump slammed the Federal Reserve on the eve of a pivotal policy meeting for “even considering” another interest-rate increase, and suggested the central bank has no reason to move because inflation is low and the U.S. currency is strong.

“It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike,” Trump said in a tweet on Monday. “Take the Victory!”

The Federal Open Market Committee begins a two-meeting in Washington on Tuesday, and trading in federal funds futures indicate a greater than 70 per cent chance of the panel’s fourth rate hike this year. Click here to read more.