The Latest Breaking News from Jerome Powell

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.

US president has pressured Powell to lower interest rates and criticised him for the Federal Reserve’s renovation costs.

U.S. inflation in July offered a split verdict for policymakers, with cooling headline prices but hotter core readings, fueling market bets on a September Fed rate cut and prompting President Donald Trump to publicly pressure Jerome Powell once again.

Trump returned to his sharp critiques of the Fed chair, saying: “Jerome ‘Too Late’ Powell must NOW lower the rate” after the inflation report came in a bit cooler than expected.

July inflation data suggests the FOMC’s dual mandate may not be in as much of a pickle as economists previously feared.