Trump Threat: Interest Rates and Consumer Confidence

trump threat: See Market Watch economic calendar Let's briefly review, according to Market Watch. The Federal Reserve cut interest rates last week largely because it's worried about the fallout from the White House trade fight with China. China is in the cross-hairs again, the Federal Reserve is under the gun and investors are in a panic. Trump then upped the ante by threatening more tariffs, snuffing out a Wall Street rally that had pushed stocks to record highs at the end of July. Read Trump threat to lift Chinese tariffs puts pressure on Fed to cut interest rates again The high drama overshadowed reports showing a surge in consumer confidence and another solid increase in new jobs in July that kept the unemployment rate near a 50-year low of 3.7%. By most measures, the U.S. economy is still doing pretty well. Now investors are banking on another Fed rate cut in September. (news.financializer.com). As reported in the news.