Trump says the Fed should cut interest rates. Bessent says this is by how much. - MarketWatch
1. Trump calls for Fed to lower interest rates after July's inflation report. 2. Treasury Secretary suggests a potential 50-basis-point rate cut soon. 3. July's consumer prices show highest increase in six months. 4. U.S. stocks rallied 1.13% following the CPI report. 5. Next Fed meeting set for September 16-17, influencing market expectations.