Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Wednesday, July 30
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Stock Market»Dow, S&P 500, Nasdaq slip after record run as Tesla sinks with Trump tax bill in focus
    Stock Market

    Dow, S&P 500, Nasdaq slip after record run as Tesla sinks with Trump tax bill in focus

    July 1, 20251 Min Read


    Federal Reserve Chair Jerome Powell has begun speaking about the Fed’s policy stance at an ECB forum in Sintra, Portugal, where he said that tariffs are causing the central bank to take its time before cutting interest rates.

    When asked if the Fed would have cut interest rates by more by now if it weren’t for higher tariffs, Powell stated, “I think that’s right.”

    “In effect, we went on hold when we saw the size of the tariffs,” Powell continued. “Essentially, all inflation forecasts for the United States went up materially as a consequence of the tariffs.”

    Powell noted that the US economy remains healthy overall but that he expects to see the effects of tariffs filter through the economic data in the coming months. In recent days, Powell has faced increased pressure, including in the form of handwritten notes, from President Trump to lower interest rates.

    “Ignore the tariffs for a second,” Powell said of the economy. “Inflation is behaving pretty much exactly as we have expected and hoped that it would. We haven’t seen effects much yet from tariffs, and we didn’t expect to by now.”

    Watch Powell speak live below:



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleU.S. Utilities Face Peak Demand Uncertainty With Data Center Boom
    Next Article Davis Commodities annonce son expansion sur le marché des matières premières agricoles premium certifiées ESG

    Related Posts

    Stock Market

    Futures edge up ahead of Fed rate decision, tech earnings

    July 30, 2025
    Stock Market

    Stock market today: Nifty50 opens flat; BSE Sensex near 81,400 as worries of US tariffs on India loom

    July 29, 2025
    Stock Market

    Stock Market LIVE Updates: Nifty above 24,850, Sensex up 170 pts; L&T, NTPC, Sun Pharma top gainers

    July 29, 2025
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Commodities

    Why HNW Investors Should Look At Whisky As Passion Commodity

    July 16, 2024
    Bitcoin

    Bitcoin theft tied to luxury cars and bar bills

    October 17, 2024
    Bitcoin

    L’approvisionnement en Bitcoin diminue de moitié, une rupture de prix imminente

    March 20, 2025
    What's Hot

    L’indice Bitcoin crucial flips positif – événement rare, voici ce que cela signifie

    May 15, 2025

    L’intégrale des Experts du mercredi 26 février

    February 26, 2025

    du matériel financé par Recycl’Utile pour la maison de retraite

    May 26, 2025
    Most Popular

    Flashnet announces new partnerships with utilities companies as it expands in US

    August 8, 2024

    Dans le Sisteronais Buëch, plus de 2 M€ de l’Europe ont financé 87 projets locaux

    May 7, 2025

    Picton Property Income Limited annonce des changements au conseil d’administration et aux comités -Le 27 janvier 2025 à 08:00

    January 26, 2025
    Editor's Picks

    Bitcoin Buyer MicroStrategy to Conduct 10-for-1 Stock Split

    July 11, 2024

    USA : baisse des stocks de pétrole de 5,8 millions de barils

    June 25, 2025

    Bitcoin ETFs Near 1 Million Milestone Amid Record October Inflows

    October 27, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.