Powell said President Trump’s tariff policies threw a wrench in the central bank’s inflation estimates, reiterating his previous stance that the levies were larger than expected.
Ark Invest, a leading investment management firm led by Cathie Wood, has highlighted a pivotal development set to bridge the world of blockchain-based capital with the substantial U.S. mortgage market.
U.S. markets up on trade deals and rate cut hopes, but concerns persist. Mixed economic data, Central bank expectations, and geopolitical risks affect performance. Asia and Europe markets mostly lower, commodities mixed, USD weak on trade uncertainty.
Amid the turmoil and uncertainties in recent months, U.S. equity markets have reached a staggering new milestone, with market capitalization hitting $63.8 trillion.
The billionaire warned that every member of Congress who campaigned for reducing spending and then voted for the biggest debt increase in history will lose their primary in 2026.
The fund manager stated that the improvement in the supply-demand balance for U.S. debt will reduce interest rates, and as a consequence, the budgetary deficit, ultimately benefiting the markets and the economy.
