Trump Media & Technology Group Corp. (DJT)

DJT stock surges as Trump criticizes Fed on 50bps rate cut

Trump Media & Technology Group (DJT, DJTWW) stock is getting a major bump higher Friday morning following former President Donald Trump's criticisms of the Federal Reserve's 50-basis-point cut to interest rates in September. The Republican nominee called the central bank's decision "too big a cut and everyone knows that was a political maneuver that they tried to do before the election" while speaking at the Detroit Economic Club on Thursday. Yahoo Finance Washington correspondent Ben Werschkul reports on Trump's Fed comments and his sentiments toward Fed Chair Jerome Powell just 24 days ahead of the 2024 election. Trump Media's stock gains over the past five sessions is currently setting up for its best week in its history.  To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.