Donald Trump News

The Fed left interest rates unchanged on Wednesday, as widely expected, while maintaining its projection for two quarter-percentage-point cuts by year-end. Policymakers, however, raised their inflation forecast and lowered economic growth expectations, citing risks from U.S. President Donald Trump's tariff policies.

Donald Trump has urged the Federal Reserve to cut interest rates, claiming it would be the «right thing» to do as US tariffs begin to ease their way into the economy. «The Fed would be much better off cutting rates as tariffs start to transition,» Trump said, emphasizing the need for swift action. In a dramatic statement, he declared April 2 as «Liberation Day in America,» hinting at a symbolic economic shift tied to his proposed policies.

U.S. policymakers projected likely two quarter-point interest rate cuts later this year, the same median forecast as three months ago, even as they expect slower economic growth and higher inflation. On Wednesday, the Fed held its benchmark overnight rate steady in the 4.25%-4.50% range.

Subscribe to enjoy similar stories. The much-anticipated telephone call between US President Donald Trump and Russia’s President Vladimir Putin to discuss a ceasefire in Ukraine, as well as chart out a path for a lasting peace formula, turned out to be sub-optimal and weighed down by variables antagonistic to a meaningful deal. The tentative deal reached after a marathon 150-minute call has placed energy infrastructure out of bounds, but allowed broader hostilities to continue.

Subscribe to enjoy similar stories. The Federal Reserve’s first set of projections since Donald Trump’s inauguration underscored—in the central bank’s understated and technocratic fashion—just how much the president’s plans to press ahead with widespread tariffs have turned the economic outlook on its head. Months ago, policymakers presumed they would spend 2025 gradually cutting rates to keep inflation heading down without a big rise in joblessness to achieve the so-called soft landing.

Subscribe to enjoy similar stories. The Trump administration has been extraordinarily blasé about falling stocks. “I can tell you that corrections are healthy, they are normal," said Scott Bessent, America’s treasury secretary on March 16th, in the government’s most recent shrug.

Subscribe to enjoy similar stories. A laser-sharp focus on the US market in a world being reshaped by artificial intelligence has cast shadows over three Indian tech services companies catering to healthcare and life sciences companies. Lack of diversified businesses, policy uncertainty in the Donald Trump era, and the challenges of GenAI pose major risks for Sagility Ltd, Indegene Ltd, and Inventurus Knowledge Solutions Ltd, all of which listed on the stock exchanges in the past year, analysts said.

White House has praised President Donald Trump for the return of two NASA astronauts who were part of the failed Boeing Starliner mission. However, NASA had already made arrangements for their return before Trump took office. The astronauts returned safely after nine months in space.

U.S. stocks climbed after the Federal Reserve said the economy still looks healthy enough to keep interest rates where they are

Bitcoin price has gone down from all-time high of around $110,000 to a threshold of almost $80,000 but experts are predicting that the most popular Cryptocurrency may hit $250,000-mark by the end of 2025, as per a report. While there have apprehensions about a major fall in Bitcoin price, Cryptocurrency experts have predicted that the Donald Trump administration is likely to store the high-profile cryptocurrency even as Federal Reserve could well intervene to restore some semblance of order, Forbes reported. Bitcoin price could well peak to $250,000 by the end of the year once the Federal Reserve takes stern measures, Forbes reported quoting crypto trader Arthur Hayes. Earlier in March, U.S. President Donald Trump signed an executive order to establish a strategic bitcoin reserve, a day before meeting with executives from the cryptocurrency industry at the White House. The reserve will be capitalized with bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings, the White House crypto czar, billionaire David Sacks, said in a post on social media platform X.

Federal Reserve officials slashed their economic outlook in the latest projections released Wednesday, seeing the U.S. economy growing at a pace lower than 2%.

WASHINGTON – The Federal Reserve in a closely watched decision Wednesday held the line on benchmark interest rates though still indicated that reductions are likely later in the year.

S Jaishankar on Wednesday said nations will continue to use tariffs as they compete for global standing, with the past decade witnessing a greater «weaponisation» of economic measures by governments worldwide. The minister's comments come amid a raging global debate on US President Donald Trump's pledge to levy reciprocal tariffs on many countries, including India, from April 2. «Tariffs, sanctions, I think, whether we would like it or not, they are a reality, countries use them. In fact, if one looks at the last decade, I would say we have seen a much greater weaponisation of pretty much any kind of capability or any kind of economic activity. It could be financial flows, energy supplies or technology,» said Jaishankar, speaking at the 'Commissars and Capitalists: Politics, Business, and New World Order' session at the Raisina Dialogue conference. He was responding to a question on whether trade barriers, tariffs and tech sanctions or restrictions have any place in India's foreign policy. «This is a reality of the world… You are fighting for your comprehensive national power, of which business makes a very important contribution,» he said. «I think today, the lines dividing different domains have eroded. If you see in international relations, I think it's a less restrained culture today than it was a decade ago,» he said, adding, «This is a reality of the world. You fight for your business, because you are fighting for your employment; you are fighting for your comprehensive national power, of which business makes a very important contribution.»

Canada’s economy may have ended 2024 on a high note, but that could all be undone as world trade is upended by Donald Trump’s tariff war, according to a new report by the Organization for Economic Co-operation and Development (OECD).

Some Canadian companies are contemplating moving their operations to the United States as a long-term solution to get around Donald Trump‘s tariff threats and protect the viability of their businesses, according to a new survey by PricewaterhouseCoopers LLP Canada.

Donald Trump has publicly proclaimed that the United States ‘doesn’t need anything’ Canada has, but Americans can’t seem to get enough of this “export.”

US Federal Reserve is set to announce its decision on interest rates on Wednesday, March 19. The announcement will be made against the backdrop of US President Donald Trump’s tariff wars and cuts to government funding. A lot of speculation persists over whether the Federal Reserve will keep interest rates unchanged. Wall Street seemed upbeat before Federal Reserve chair Jerome Powell’s press conference, with 60 per cent of broad S&P 500 firms trading higher on Wednesday morning. Over two-thirds of stocks in the Dow index were in the green, CNN reported.

Microsoft Corp., the biggest backer of Sam Altman’s OpenAI, and BlackRock Inc., which has an executive on the artificial intelligence startup’s board, are joining forces with one of its chief rivals. Abu Dhabi’s MGX, Microsoft and BlackRock said Elon Musk’s xAI is joining their effort to build $30 billion worth of data centers and other artificial intelligence infrastructure. The AI chipmaker Nvidia Corp., which was already named as a technical adviser to the group when it was announced last year, is also formally joining, according to a statement on Wednesday that didn’t detail member commitments.

Vladimir Putin scored a coup by discussing with Donald Trump in highly anticipated phone talks everything from improving bilateral ties to Iran and even hockey matches, but stopping well short of agreeing any peace path to end the war in Ukraine, analysts say. During the call on Tuesday, Putin refused a full ceasefire agreement proposed by Washington but focused instead on reviving Russian-American cooperation that has been frozen since Moscow's full-scale invasion of Ukraine in February 2022. The very fact such talks took place was an achievement for the Kremlin, said Ekaterina Schulmann, a Russian political scientist based in Berlin. «The two superpowers are discussing the fate of the world and the future of humanity,» she told AFP, summing up Moscow's thinking. «It is a great achievement for Russia which reproduces a Soviet-era narrative without being the Soviet Union.»

The RBI report stated that India’s external sector continues to find support from resilient services exports, which remain less affected by global disruptions. “Going forward, India’s structural strengths—sound fiscal policies, a well-calibrated monetary framework, and digital transformation initiatives—are expected to provide a strong foundation for long-term sustainable economic growth,” the report stated. The RBI lowered the benchmark policy rate by 25 basis points to 6.26% in February, and the easing inflation print triggered economists to forecast another 25 bps cut in rates in April, according to an ET poll of 12 economists. After taking charge, President Donald Trump announced a series of tariff proposals leading to uncertainty on growth in both emerging and advanced markets. The pass-through of higher tariffs to consumer prices would be a key risk to global inflation, and central banks in advanced economies would have to factor in a potential slowdown in growth.

step down as Tesla's CEO. Investors are concerned that his multiple commitments, particularly his government role, are harming the company.