The Federal Reserve heads into this week’s policy meeting balancing an unusual public political clash with mixed macroeconomic signals. President Donald Trump’s calls for immediate rate cuts, amplified by his criticism of the Fed’s $2.5 billion headquarters renovation, coincide with an internal debate about whether softening labour data and muted tariff effects warrant action now or later.The latest CME FedWatch probabilities underscore this caution: only 3.1% of traders expect a cut at this meeting, while 61.8% price in easing by September.
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