From Yahoo Finance: 2025-05-02 19:45:00

President Trump took to Truth Social to urge the Fed to cut rates, claiming there’s “no inflation.” However, consumer prices rose 2.4% year-over-year in March. Trump emphasized lower gas prices and mortgage rates, but data shows gas at $3.13 and mortgage rates down to 6.83%. Markets see no rate cut soon.

Read more: Trump just said there’s ‘no inflation’ in the US. But it’s still higher than what the Fed wants.