23 Hrs
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الاتحاد
Karkouti Highlights High Interest Rates
The article indicates that Donald Trump's current desire as U.S. President to cut interest rates will not be realized before the end of the year. He is seeking to lower borrowing costs to stimulate the U.S. economy, which is under global pressures. Although there continues to be talk of gradually raising interest rates, the current monetary policy remains steady at levels between 3.50% and 3.75%. Some officials are leaning toward increasing the rate amid concerns over rising inflation and fuel costs due to unrest in the Middle East. It is believed that electoral issues are currently occupying Trump’s focus, reducing the likelihood of a rate cut at this time, especially as voices emerge emphasizing the need to consider raising rates in the future to maintain control over inflation.
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