US Treasury Secretary Puts Pressure on Federal Reserve To Cut Interest Rate by 0.50% in September

US equity markets ended the day higher again yesterday, 13^th August, 2025. This after US Treasury Secretary Scott Bessent said that US Federal Reserve should cut interest rate by 0.50% in September. He also added that the benchmark interest rate should be at least 1% lower than the prevailing interest rate of 4.25% – 4.5%. With American inflation rate remaining steady at 2.7% in July, expectations of an interest rate cut in September have increased sharply.

Nasdaq ended the day, up by 31.24 points or 0.14%. Dow Jones ended the day, up by 463.66 points or 1.04%. S&P 500 ended the day, up by 20.82 points or 0.32%.

European markets ended the day in green

Euro Stoxx 50 ended the day, yesterday, up by 52.28 points or 0.98%. Dax ended the day, up by 160.81 points or 0.67%. FTSE 100 ended the day, up by 17.42 points or 0.19%. US President Donald Trump said that he had very positive talks with European leaders with regard to his upcoming meeting with Russian President Vladimir Putin for ending the war in Ukraine.

Asian markets start the day on a mixed note

Nikkei 225 is down by 548.04 points or 1.27% at 8:55 a.m. 14^th August, 2025. Hang Seng is up by 5.01 points or 0.020% at this time. Shanghai composite is up by 15.03 points or 0.41%. Kospi is down by 5.38 points or 0.17%.

Indian equity markets may see some short term profit booking today after the gains of yesterday. As long as the Indo-US trade deal remains unresolved, Indian equity markets are unlikely to find a more permanent rising trajectory.

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Source: Dow Jones