Trading Day: Markets soar as Powell brings back ‘transitory’
Wall Street rallied sharply and Treasury yields fell on Wednesday as investors bet that the Federal Reserve will look through rising price pressures and continue cutting interest rates this year, after new projections showed that officials now expect lower growth and higher inflation. While the median projection of two more rate cuts this year is…
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Another sea of red as tariffs trump ceasefire hopes
Wall Street’s failure to bounce back from its recent beating on news of a potential ceasefire between Ukraine and Russia shows just how worried investors are about the growth and market impact from U.S. President Donald Trump’s tariff wars. Ukraine said on Tuesday it is willing to accept a U.S. proposal for a 30-day ceasefire,…
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