Trump’s Fed nightmare: Rates won’t be slashed. They could surge now

AI Summary

Hotter-than-expected U.S. inflation is expected to make the Federal Reserve reluctant to cut interest rates, despite President Trump’s demands for lower rates. The article also raises the possibility that rates could rise.

The US president’s demands for falling interest rates are going to be ignored when the Federal Reserve responds to last month’s hotter-than-expected inflation rate.