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Trump urges Fed rate cuts and warns on trade
U.S. President Donald Trump called on the Federal Reserve to cut interest rates, threatening to halt trade with countries that have a trade deficit with the United States if they do not do so. He stated that rising interest rates hinder competitiveness and praised the increase in jobs during August, which reached 162,000 positions, considering that the United States’ creditworthiness has improved in a way that reinforces the need to lower interest rates, especially ahead of the midterm congressional elections. He believes that lowering interest rates helps reduce borrowing costs and strengthens the U.S. economy, even though it has led to a decline in market expectations for rate hikes amid ongoing concerns about inflation and rising fuel prices.
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