‘Plays into the hands of Trump’: US cash rate hold ‘changes political dynamics’

Sky News Business Editor Ross Greenwood says the US Federal Reserve keeping its cash rate on hold “changes political dynamics” and will benefit whoever wins the 2024 election. “As we heard from Peter Dutton earlier, it plays into the hands of Donald Trump, saying they can actually handle the economy better. “Bear in mind post the election, whoever wins then probably gets the benefits of all those rate cuts that will come and help the economy and take pressure off families.”