Fed Remains Silent Amid Rate Cut Calls, Bessent Critiques CBDC Push

The Federal Reserve concluded its May meeting without a rate cut despite mounting pressure from President Trump and other economists. Inflation data has shown some improvement, but Chair Powell emphasized the need for further evidence before considering action. The Fed will likely remain on hold through June before potentially adjusting rates. Futures markets are currently predicting only a one-in-three chance of a rate change in June. Mixed economic signals and geopolitical tensions like the U.S.-China trade war add to this uncertainty, as Powell has hinted that all options remain open.