President Trump is pushing for interest rate cuts from the Federal Reserve, but the central bank is expected to maintain current rates at its May 7 meeting.
Despite Trump’s social media criticism that the Fed has been “TOO LATE AND WRONG,” experts predict a 97% chance rates will remain at 4.25-4.5%.
The U.S. economy is showing mixed signals with negative GDP growth but strong job numbers, while economists are concerned about recession risks from Trump’s tariffs, particularly the 145% duty on Chinese imports.