The Latest Breaking News from Jerome Powell

The major U.S. indexes struggled Thursday amid a hot inflation reading and seasonal headwinds.

While Rieder’s dovish stance aligns with President Trump’s, the BlackRock exec’s acknowledgment of tariff-driven inflation may test his appeal at the White House.

U.S. Treasury Secretary Scott Bessent said interest rates are too restrictive and signaled the Trump administration supports an aggressive monetary easing cycle beginning as soon as September.

Treasury Secretary Scott Bessent is pushing for 50 bps to offset missed opportunities earlier this summer, but some analysts warn that rising core inflation to 3.1% and upcoming jobs data could still delay action.

U.S. stock futures rose on Wednesday after Tuesday’s rally. Futures of major benchmark indices were higher.

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the “Greed” zone on Tuesday.

Trump insisted "Trillions of Dollars are being taken in on Tariffs.” Several sources calculate the trillion-dollar mark to be years away.

IN FULL

It's like Trump is trying to crash the economy on purpose.

‘Consumers aren’t even paying these Tariffs, it is mostly Companies and Governments,’ Trump continues to claim.

Wall Street is in full rally mode after July’s inflation data eased fears that tariff-related cost pressures were widespread. The headline Consumer Price Index (CPI) came in below expectations, holding steady at 2.7% year-over-year and fueling speculation of upcoming interest rate cuts.