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Donald Trump has recently made new statements while Vladimir Putin has also commented on the latest developments. We are witnessing a series of significant events as Trump continues to address Powell, and India takes precautionary measures.
Trump Urges Fed to Cut Rates
These days, we keep hearing Trump calling for this. He claims that Trump is acting this way to put pressure on the government, which has adopted Powell’s political stance. By recalling the speed of rate cuts during the election period, he questions why they are being cautious today.
“‘Preventive Rate Cuts’ are being requested by many. Energy costs have significantly decreased, food prices (including Biden’s egg crisis!) have dropped substantially, and many other things seem to be in a downward trend, resulting in almost no inflation. As these costs continue to drop beautifully, as I predicted, there may be almost no inflation, but if Mr. Very Late does NOT cut rates NOW, there could be a SLOWDOWN in the economy. Europe has already ‘cut’ rates seven times. Powell has always been ‘Very Late’ outside of the election period when ‘Sleepy Joe Biden’ helped Kamala get elected.” – Trump
Putin addressed recent developments and commented on the ceasefire as follows:
“After the Easter ceasefire, hostilities have resumed. Russia is positively inclined towards any peace initiatives. We expect the same attitude from Kiev. Ukraine has treated the ceasefire initiative as a game. We need to look at the consequences of the ceasefire.”
India has imposed a 12% temporary customs duty or safeguard duty on steel imports. Starting from April 21, a 12% temporary customs duty will be applied to steel imports for a period of 200 days.
BTC continues to find buyers around the $87,000 mark.
