Trump Urges Fed to Cut Rates Again Amid Ongoing Market Decline
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President Trump urged the Federal Reserve to lower interest rates as US stocks were expected to drop for a third consecutive day. He highlighted the decline in oil and food prices, along with the absence of inflation, emphasizing the revenue generated from tariffs on countries like China. The President's recent tariff announcement triggered a sharp sell-off in the stock market, with major indexes experiencing losses. Global markets, including China and Japan, also saw significant declines. Analysts are pessimistic about the future of stocks, with many revising their forecasts downwards. In addition to stocks, oil prices also plummeted, hitting a four-year low. Despite the market turmoil, President Trump remained firm on his tariff policies, dismissing concerns and urging the Federal Reserve to cut interest rates promptly. His economic team reiterated his commitment to imposing tariffs, affirming that the measures are not just a negotiating tactic.

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