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Trump called for an interest rate cut again on the Fed decision day, and the dollar index DXY rose over 0.5% intraday.
Odaily News Hours before the Fed announced its interest rate decision, U.S. President Trump again called for a drop in interest rates. After the release of the U.S. second-quarter GDP data, Trump stated on the Truth Social platform that Fed Chair Jerome Powell "must cut interest rates now. There is no inflation." The U.S. Dollar Index DXY rose more than 0.50% during the day, currently reported at 99.37, continuing to reach a new high since June 23. (Jin10)