Global Markets React to Powell's Caution, Trump Rally Falters
TL;DR Summary
U.S. stock futures are indicating losses as comments from Federal Reserve Chair Jerome Powell and recent producer-price inflation data weigh on markets. Powell's remarks suggested no urgency in cutting interest rates, emphasizing the economy's strength, which has contributed to the downturn in the 'Trump trade.' Dow Jones, S&P 500, and Nasdaq 100 futures are all down, reflecting investor caution.
- U.S. Stocks Headed for Losses as Powell Punctures Trump Rally Barron's
- Japan Lifts Asian Equities, Dollar Rally Cools: Markets Wrap Bloomberg
- Powell, Buffett, Dimon Weigh In on Markets. The Trump Rally Is at Risk and 5 Other Things to Know Today. Barron's
- Global stocks tumble as Fed signals slower pace of rate cuts Reuters
- Powell Speaks The Truth - Market Does Not Like It, Consternation About Kennedy, Gaetz, And Hegseth Benzinga
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