US is way behind the curve on lowering interest rates
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White House Adviser Kevin Hassett said that the Federal Reserve (Fed) is not cutting interest rates quickly enough, even though the US economy grew at a much faster-than-expected pace in the third quarter, CNBC reported on Tuesday. Key quotes GDP is a great Christmas present for the American people.Trump trade agenda is working.AI boom is being seen in the data.Regardless of job AI is impacting their job.Will see employment change back in the 100K -150K range if GDP stays in a 4% range.Consumer sentiment is uncorrelated with the hard economic data.Prices are down and income is up that’s why we have such strong growth numbers.People are very optimistic about their income growth.The Fed is way behind the curve in lowering rates.We have reduced the deficit by 600 billion year-over-year.We will be finalizing a housing plan that will be announced sometime in the new year. Market reaction At the time of writing, the US Dollar Index (DXY) is trading 0.37% lower on the day to trade at 97.90. US Dollar FAQs The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away. The most important single factor impacting on the value of the US Dollar is monetary policy, which is…
Filed under: News - @ December 24, 2025 12:25 am