Fed Declares Interest Rates: Markets Anticipate Powell’s Crucial Speech
Main Idea
The Federal Reserve's interest rate decision and subsequent remarks by Chairman Powell are highly anticipated, with significant attention on potential rate cuts in September. Meanwhile, President Trump announced new tariffs and economic policies.
Key Points
1. The Federal Reserve's interest rate decision was widely expected, but Fed Board members Waller and Bowman dissented, favoring a quarter-point reduction.
2. Chairman Powell's signals about a potential rate cut in September are considered highly significant for the markets.
3. President Trump announced plans to impose a 25% tariff agreement and later signed an executive order adding a 40% tariff on Brazil, raising the total to 50%.
4. Trump's new tariffs will take effect from August 1st, subjecting certain imports to a 50% general tariff.
5. JPMorgan’s Michele highlights the importance of two opposing views amid these economic and policy developments.
Description
The Federal Reserve holds interest rates steady, meeting expectations. President Trump announces tariffs on Brazil, India, Russia due to trade issues. Continue Reading: Fed Declares Interest Rates: Markets Anticipate Powell’s Crucial Speech The post Fed Declares Interest Rates: Markets Anticipate Powell’s Crucial Speech appeared first on COINTURK NEWS .
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