Bitcoin Rally Short-Circuited as Fed Chair Powell Raises Stagflation Fear
"We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension," said Powell of the effect of the Trump tariffs.
Powell says Fed to stay on hold until clarity on tariff impact
For now, he said in remarks prepared for delivery at the Economic Club of Chicago, the Fed could keep its benchmark interest rate steady "to wait for greater clarity before considering any adjustments to our policy stance." Repeating comments made earlier this month, the Fed chief noted that the impact of those and other policy changes "are still evolving," but likely to be "larger than anticipated." When asked if there’s such a thing as a Fed put for the stock market, his answer was ‘no’.
Is the Stock Market Open on Friday?
The US stock market is closed Friday in observation of Good Friday. So is the bond market, which also closes early Thursday.
The gig economy is growing 3x faster than the traditional workforce, and Gen Z is leading the charge: ‘They don’t trust the old system’
The youngest population of workers want more control over their career trajectory.
Traders keep bets on Fed rate cuts this year, starting in June
Traders on Wednesday kept bets on Federal Reserve rate cuts this year after Fed Chair Jerome Powell said the U.S. central bank is well-positioned to wait for greater clarity before making any changes to the stance of policy. Traders of short-term interest-rate futures are betting the Fed resumes rate cuts in June and that by year end the policy rate, currently in the 4.25%-4.50% range, will be a full percentage point lower.
Watch These Boeing Price Levels as Stock Faces US-China Trade War Turbulence
Boeing shares remained in focus Wednesday as investors digested yesterday's reports that China told its airlines not to take more deliveries of the company's jets amid an intensifying trade war between Washington and Beijing. Monitor these important chart levels.
Federal Reserve Chair Jerome Powell speech text April 16, 2025
First, I will briefly discuss the outlook for the economy and monetary policy. At the Fed, we are always focused on the dual-mandate goals given to us by Congress: maximum employment and stable prices. The labor market is at or near maximum employment.
Powell says Federal Reserve can wait on any interest rate moves
The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell said Wednesday. “As that great Chicagoan Ferris Bueller once noted, ‘Life moves pretty fast,'" Powell said in a speech to the Economic Club of Chicago. "For the time being, we are well positioned to wait for greater clarity” on the impact of policy changes in areas such as immigration, taxation, regulation, and tariffs, Powell said.
AP PHOTOS: Exporters at China’s largest trade fair look to non-US markets for survival
Exporters attending China’s biannual trade fair in Canton were emphatic about the need to look beyond selling to Americans. China has been highlighting its focus on trade with countries other than the United States at various trade fairs that are showcasing its vast market and competitiveness as a manufacturing giant. U.S. President Donald Trump announced sweeping tariffs of 145% on all products imported from China.
Here’s the advice I’m giving wealthy clients through tariff fears and market uncertainty
Policy shifts and geopolitical turmoil are as inevitable as they are disruptive—but markets reward patience and discipline.