Trump expects the Federal Reserve to cut interest rates by 25 basis points in September.

ChainCatcher news, according to Golden Ten Data, ahead of this week's important Federal Reserve meeting, U.S. President Trump expects a "substantial rate cut." The Federal Reserve is expected to take easing measures at this meeting, the first time in nine months. Trump stated: "I think there will be a substantial cut, and the timing for a rate cut is perfect." The market generally expects the Federal Reserve to cut rates by 25 basis points on September 18.