Traders Reel In Fed Cut Bets as Strong Job Data Drags on Bonds
  • June 6, 2025

Traders Reel In Fed Cut Bets as Strong Job Data Drags on Bonds

(Bloomberg) -- Treasuries slumped after stronger-than-expected US job and wage growth prompted traders to trim bets that the Federal Reserve will cut interest rates this year. Most Read from BloombergNext Stop: Rancho Cucamonga!ICE Moves to DNA-Test Families Targeted for Deportation with New ContractWhere Public Transit Systems Are Bouncing Back Around the WorldUS Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents WarnTrump Said He Fired the National Portrait Gallery Director. She’s S

Fed should cut interest rate by a full point, Trump says
  • June 6, 2025

Fed should cut interest rate by a full point, Trump says

The U.S. Federal Reserve should cut interest rates by a full percentage point, President Donald Trump said on Friday as he reiterated his view that Fed Chair Jerome Powell has been too slow to lower borrowing costs. "Europe has had 10 rate cuts, we have had none. Despite (Powell), our Country is doing great.