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Fortune
Fortune
Eleanor Pringle

Jerome Powell may finally grant Trump his interest rate wish thanks to China deal

US Federal Reserve Board Chairman Jerome Powell
  • Yesterday's 90-day pause on U.S.-China tariffs has eased economic uncertainty, improving the odds of a future Federal Reserve rate cut—something long pushed for by President Donald Trump. However, most economists still expect the Fed to hold off on cuts until late 2025 or early 2026, citing persistent uncertainty and stronger-than-expected economic growth.

Chances of a rate cut long-awaited by President Donald Trump may finally be firming up courtesy of the 90-day pause on tariffs agreed between the U.S. and China.

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