New economic data rejects Trump’s 350bps rate cut dream as Bitcoin falls while stocks climb
US companies inflation stayed elevated in August, complicating expectations for the Federal Reserve as markets search for a September coverage adjustment. The probability of a small 25bps cut is now rising, which is prone to anger President Donald Trump, who has advocated for a mammoth 350bps cut. The ISM Services Prices Index registered 69.2, solely barely…
