Markets react to Fed's July interest rate decision

The Federal Reserve is ignoring President Trump’s demand for the lowest interest rates in the world, even as Elon Musk warns that America will 1,000% go bankrupt and fail. Trump has openly questioned the "bad intentions" of "very political" Fed officials who refuse to cut rates below the current 3.50%-3.75% range. With the crypto market gripped by fear, is the Fed’s refusal to lower rates a necessary move or a deliberate path toward national bankruptcy? What’s your take?
This summary was generated by AI