The Aporia
The Aporia
Trump says interest rates should be at "1% or less" as Fed hikes them for first time since 2023. (2026, September 17). CBS News. https://www.cbsnews.com/video/trump-calls-for-interest-rates-to-be-lowered-to-1-or-less-as-fed-hikes-them-for-first-time-since-2023/
“Trump says interest rates should be at "1% or less" as Fed hikes them for first time since 2023.” CBS News, 17 Sept. 2026, https://www.cbsnews.com/video/trump-calls-for-interest-rates-to-be-lowered-to-1-or-less-as-fed-hikes-them-for-first-time-since-2023/.
“Trump says interest rates should be at "1% or less" as Fed hikes them for first time since 2023.” CBS News, September 17, 2026. https://www.cbsnews.com/video/trump-calls-for-interest-rates-to-be-lowered-to-1-or-less-as-fed-hikes-them-for-first-time-since-2023/.
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On September 16, 2023, the Federal Reserve is expected to raise its benchmark interest rate by 25 basis points to a range between 3.75% and 4.00%, according to predictions from financial analysts like CME Group's FedWatch tool. This move reflects growing concerns over inflation, which has risen above the central bank’s target of 2%, despite previous attempts at stabilization. The decision comes amid pressure from President Donald Trump for lower rates and economic turbulence due to rising oil prices following conflicts in the Middle East, pushing crude costs past $100 per barrel. Despite political tensions, financial markets overwhelmingly anticipate a rate hike to combat inflation, with some economists predicting additional increases before year-end to achieve a “timelier return” to the 2% target.
