Powell said President Trump’s tariff policies threw a wrench in the central bank’s inflation estimates, reiterating his previous stance that the levies were larger than expected.
Ark Invest, a leading investment management firm led by Cathie Wood, has highlighted a pivotal development set to bridge the world of blockchain-based capital with the substantial U.S. mortgage market.
The billionaire warned that every member of Congress who campaigned for reducing spending and then voted for the biggest debt increase in history will lose their primary in 2026.
The fund manager stated that the improvement in the supply-demand balance for U.S. debt will reduce interest rates, and as a consequence, the budgetary deficit, ultimately benefiting the markets and the economy.
The EU is also seeking relief from existing U.S. tariffs on autos, steel, and aluminum and has prepared retaliatory measures in case talks collapse ahead of the July 9 deadline.
