2026-01-16 17:06:36

Trump's Remarks Influence U.S. Interest Rate Expectations

Traders have reduced their expectations for two U.S. interest rate cuts in 2026. This shift follows U.S. President Donald Trump's suggestion that he may nominate someone other than National Economic Council Director Kevin Hassett to succeed Federal Reserve Chair Jerome Powell.
By the end of 2026, the probability of no rate cuts throughout the year stands at 11.8%. The likelihood of a cumulative 25 basis point cut is 30.3%, while a 50 basis point reduction is anticipated at 32.1%.
Today, Trump commented on Hassett, stating, "I want him to remain in his current position, and we will see." This statement implies that Trump may have another candidate in mind for the Federal Reserve Chair position.
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