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Trump urges Fed to lower interest rates
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Some investors had clung to a bit of hope that the Federal Reserve would cut interest rates at its next meeting on July 30. Tuesday's report on inflation brought the chances of that down even further.
The highest money market account rate available today is 4.50% Changes from the Fed or your bank can quickly change money market rates Online banks typically offer the most competitive yields on the market Current Money Market Rates The current average money market rate is 0.
U.S. President Donald Trump says the Federal Reserve should set its benchmark interest rate at 1% to lower government borrowing costs, allowing the administration to finance the high and rising deficits expected from his spending and tax-cut bill,
The central bank remains cautious, even as calls for rate cuts grow louder from the White House and other policymakers.
Financial markets are betting the Federal Reserve sticks to its "wait and see" approach to interest rates this summer, but that by September it will have waited and seen enough to start cutting borrowing costs.
Tennessee announces a new maximum effective interest rate of 11.50% for loans, reflecting a 4% increase over the current prime rate, as reported by the state's Department of Financial Institutions.
Russia's M&A market grew by just 2% in 2024 to $39.2 billion, the study showed, hampered by interest rates climbing to their highest in more than 20 years at 21% and Moscow tightening exit terms for Western companies selling their assets in the wake of the conflict in Ukraine.
Investors must carefully consider the trade-offs, as falling interest rates could lead to reinvestment at a lower yield and make selling on the secondary market difficult.
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