Fed Rate Showdown: Trump’s Plea for Cuts Goes Nowhere

The Federal Reserve just raised interest rates for the first time in over three years, and President Trump is not a happy camper! He’s calling for lower rates, but the market says, 'Hold your horses!' With elections around the corner, the Fed's independence is under the spotlight. Higher borrowing costs could throw a wrench in Trump's plans, making the October meeting a real nail-biter.