New economic data rejects Trump’s 350bps rate cut dream as Bitcoin falls while stocks climb

US services inflation stayed elevated in August, complicating expectations for the Federal Reserve as markets look for a September policy adjustment. The likelihood of a small 25bps cut is now increasing, which is likely to anger President Donald Trump, who has advocated for a mammoth 350bps cut. The ISM Services Prices Index registered 69.2, only slightly The post New economic data rejects Trump’s 350bps rate cut dream as Bitcoin falls while stocks climb appeared first on CryptoSlate.