The US President Donald Trump took on his twitter to again push the Federal Reserve towards a rate cut in order to avoid the US recession fears. Tweets “I think President Trump is set in his ways because he doesn’t see any weakening. I mean, look at the joblessness report today. What I’m surprised at is how strong the consumer is. I think the Chinese need it (a deal) more than we do. It’s statistical.” “I just think that our economy is very strong. If the Fed would lower rates to where the bond market says they should be, then I really wouldn’t worry about a recession.” FX implications With little fresh impulse than to keep pushing the Fed towards rate cut, trader mostly shrugged off the news. The additional reason for the lack of reaction could be the absence of mention surrounding the US-China trade issue, which is in the spotlight. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Germany’s Merkel: I invite all Chinese companies to invest in Germany FX Street 4 years The US President Donald Trump took on his twitter to again push the Federal Reserve towards a rate cut in order to avoid the US recession fears. Tweets "I think President Trump is set in his ways because he doesn't see any weakening. I mean, look at the joblessness report today. What I'm surprised at is how strong the consumer is. I think the Chinese need it (a deal) more than we do. It's statistical." "I just think that our economy is very strong. If the Fed would lower rates to where the bond market says they should be, then… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
