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

Trump denies any involvement in the US Department of Justice's investigation into Federal Reserve Chairman Jerome Powell.

He asserts that:

⚖️ The subpoenas are unrelated to interest rates.

📉 According to CME Group:

• The probability of an interest rate cut in January is only 5%.

🚨 Trump sets January 20 as the deadline for credit card rates.

💳 He demands that credit card companies maintain interest rates at 10%

⚠️ or face legal consequences.

🏦 Goldman Sachs postpones its interest rate cut forecast:

• Two 25-basis-point cuts in June and September.
• Previous March and June cut forecasts have been scrapped.

• The Fed's interest rate is expected to end in 2026 at 3%–3.25%.

• The probability of a recession has been lowered to 20% from 30%.

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