Tag: powell
Dow Jones Rises On U.S.-China Trade Talks With Powell Briefing Due; CrowdStrike Dives On Layoffs
U.S. Stocks Set to Drop with Focus on Fed, Oil-Price Fall
U.S. stock futures were pointing to losses early on Monday after the S&P 500 notched its longest winning streak in more than 20 years last week, with investors looking ahead to the Federal Reserve meeting. S&P 500 futures were dropping 0.6% and Nasdaq 100 futures were falling 0.6%. The key event of the week for investors will be Federal Reserve Chair Jerome Powell’s remarks Wednesday, following a two-day meeting of the Fed’s rate-setting committee, where the central bank is widely expected to keep interest rates steady despite President Donald Trump’s call for an immediate cut.
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Fed and Powell face 'tug-of-war' with Trump and his tariffs looming
The biggest question facing the Federal Reserve as it meets this week is how to grapple with a tariff-related ‘tug-of-war’ between sticky inflation and a slowing economy — as well as a president who clearly wants lower rates.
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