MarketPR
The Federal Reserve lifted borrowing costs for the first time since 2023, and President Trump offered policymakers a target: 1% or below. He urged rate-setters to act for the sake of the country.
The President would like it to loosen.
Trump's 1% call lands on an institution that just moved in the opposite direction, and the distance between where borrowing costs now sit and where the President wants them is the central tension the tape will work through.
The first hike since 2023 would have been enough news on its own. What to watch is any formal signal from policymakers on how they intend to proceed. That is the next concrete step in the rate setup.
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