Trump wanted interest rate cuts to be Rocket Fuel for the economy. He is losing that fight so far

News Source : Yahoo Entertainment

News Summary

Interest rates are rising, even though Trump pledged they would fall.
The 10-year u.s. Treasury note saw its interest rate shoot up above 4.7% on Friday.
The prospect of higher borrowing costs has become troublesome for Republicans in the November elections.
Trump can point to a low unemployment rate and solid consumer spending as proof that the economy remains stable, yet there are few signs that these arguments have connected with the public."There's never been anything like it from the standpoint of investment into our country," Trump said Friday.

WASHINGTON (AP) President Donald Trump has been losing his own battle to cut interest rates. The president likes to vilify high rates as an affront to the size and strength of the U.S.

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