Latest updates on interest rates, the Fed, and Jerome Powell.


Trump denies any involvement in the US Department of Justice investigation into Federal Reserve Chairman Jerome Powell.
He claims that:
⚖️ The challenges are unrelated to interest rates.
📉 According to CME Group:
• The probability of a rate cut in January is only 5%.
🚨 Trump set January 20 as the deadline for credit card interest rates.
💳 He demands that credit card companies keep interest rates at 10%
⚠️ or face legal consequences.
🏦 Goldman Sachs delays interest rate cut forecast:
• Two cuts of 25 basis points in June and September.
• Previous forecasts of cuts in March and June have been canceled.
• The Fed's interest rate is expected to end 2026 at 3%–3.25%.
• The recession probability has decreased to 20% from 30%.
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