Interest Rate: Rate and Stock Markets

interest rate: That rate cut, expected later this month, could now be in doubt setting up a potential clash with Trump, who has lambasted the central bank and loudly called for easier monetary policy, according to The Japan Times. Trump recently likened the Fed to a stubborn child for dragging its feet on a rate cut to boost the economy. After an unexpectedly weak May, the vigorous June rebound should quiet talk of a steep drop-off in economic activity and delight President Donald Trump as he prepares to seek re-election next year. ; But it could disappoint stock markets, which had been banking on an interest rate cut from the Federal Reserve following a batch of soft economic data. The U.S. economy added 224,000 net new jobs last month, smashing forecasts, the Labor Department said in the closely watched report. Employers added workers in construction, financial services, education, business services, transportation and warehousing, following a disappointing May, when job gains slowed to just 72,000. The unemployment rate ticked up to 3.7 percent as more workers stepped off the sidelines to enter the labor force. (news.financializer.com). As reported in the news.