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US President Donald Trump has continued to pressure the Federal Reserve to introduce new stimulus measures for the economy as the election approaches. presidential election of 2020.
Trump saw in his latest economic tweets that the Fed, not China, was the biggest economic hurdle in the US, commenting on the signs of a possible US financial market downturn, due to economic worries. resulting in lower bond yields in Europe and the United States.
Despite the US central bank's decision a week ago to cut the key interest rate for the first time in more than a decade, that was not enough from Trump's point of view, who asked through the Social network "Twitter" to the bank to "further reduce and fast rates to stop this quantitative tightening Now silly.
Market forecasts have indicated that the US financial market will resume a selloff this week with the worsening trade war between China and the United States.
The 10-year Treasury yields tumbled dramatically as investors moved away from riskier badets, sign of a growing fear of slowing the economy.
Earlier, Germany had said that industrial production had fallen more than expected in June, while equipment goods and production goods had fallen, raising fears of a contraction in the biggest economy of the economy. Europe and lowering bond yields to record levels.
The uncertainty caused by the trade war and fears of a global economic slowdown pushed the Fed to reduce its interest rates last week.
But James Bullard, chairman of the US Federal Reserve of St. Louis, chief policy officer at the central bank, said Tuesday that US interest rates were "within limits," suggesting that he He was not inclined to cut rates as fast as Trump would like.
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