• The School of Business
  • The School of Arts
  • The School of Wellness
  • The School of Fitness
  • The School of Public Affairs
Saturday, October 18, 2025
  • Login
  • Register
No Result
View All Result
  • The School of Business
  • The School of Arts
  • The School of Wellness
  • The School of Fitness
  • The School of Public Affairs
No Result
View All Result
Press Powered by Creators

Big Tech, banks and small caps end week in bear market territory

The Owner Press by The Owner Press
April 4, 2025
in Business News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter


Federal Reserve chair Jay Powell has warned that Donald Trump’s tariffs will stoke “larger inflation and slower progress” because the president’s plans for steep levies on the US’s buying and selling companions shake international monetary markets.

“It’s now changing into clear that the tariff will increase will likely be considerably bigger than anticipated,” Powell stated in ready remarks to a convention in Virginia on Friday. “The identical is prone to be true of the financial results, which can embody larger inflation and slower progress.”

He additionally highlighted that dangers to unemployment, which has remained subdued in latest months, had been rising.

Powell’s remarks come after Trump’s announcement on Wednesday of a common 10 per cent tariff and far greater duties on many key buying and selling companions has despatched markets reeling. Wall Avenue’s S&P 500 has sustained two days of heavy promoting, leaving the blue-chip index on monitor for its worst week for the reason that pandemic shut giant swaths of the economic system in 2020.

Trump, previous to Powell’s remarks, said on his Truth Social platform: “This could be a PERFECT time for Fed Chairman Jerome Powell to chop Curiosity Charges.”

Powell careworn that “uncertainty” was excessive when it comes to “what will likely be tariffed, at what stage and for what length, and the extent of retaliation from our buying and selling companions”.

He stated in a later press convention: “It seems like we don’t must be in a rush. It seems like we’ve time,” signalling that the central financial institution is minded to maintain its predominant rate of interest at its present vary between 4.25 per cent and 4.5 per cent till there may be extra readability concerning the fallout.

Powell added: “Inflation goes to be transferring up and progress goes to be slowing however to me it isn’t clear at the moment what the suitable path for financial coverage will likely be.”

He additionally famous that “whereas tariffs are extremely prone to generate no less than a brief rise in inflation, it is usually attainable that the results may very well be extra persistent”.



Source link

Tags: banksbearbigcapsmarketSmallTechterritoryWeek
Share30Tweet19
Previous Post

Small boat crossings halted by gusty conditions despite sunny start to spring | Politics News

Next Post

China’s retaliation against Trump’s tariffs is an act of self-harm

Recommended For You

UK economy remains fragile – and there are risks and traps lurking around the corner | Money News
Business News

UK economy remains fragile – and there are risks and traps lurking around the corner | Money News

by The Owner Press
July 13, 2025
Singer Takes Nasty Fall Attempting Backflip
Business News

Singer Takes Nasty Fall Attempting Backflip

by The Owner Press
April 14, 2025
Environment secretary defends green policies – after Sir Tony Blair says net zero is ‘doomed to fail’ | Politics News
Business News

Environment secretary defends green policies – after Sir Tony Blair says net zero is ‘doomed to fail’ | Politics News

by The Owner Press
April 30, 2025
Foreign Office denies David Lammy and wife dodged taxi fare from Italy to France | Politics News
Business News

Foreign Office denies David Lammy and wife dodged taxi fare from Italy to France | Politics News

by The Owner Press
May 15, 2025
The iPhone Crash Detection Safety Feature Could Save Your Life
Business News

The iPhone Crash Detection Safety Feature Could Save Your Life

by The Owner Press
April 5, 2025
Next Post
China’s retaliation against Trump’s tariffs is an act of self-harm

China’s retaliation against Trump’s tariffs is an act of self-harm

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LEARN FROM TOP VERIFIED OWNERS

Book an Office Hour

Related News

Nissan to cut 20,000 jobs as carmaker reports €4 billion annual net loss

Nissan to cut 20,000 jobs as carmaker reports €4 billion annual net loss

May 14, 2025
Josh Taylor ‘completed boxing game’ but was left wanting more – the fighter on retirement and place in history | Boxing News

Josh Taylor ‘completed boxing game’ but was left wanting more – the fighter on retirement and place in history | Boxing News

July 27, 2025
Shop 11 Loose-Fitting Summer Pants That Instantly Slim

Shop 11 Loose-Fitting Summer Pants That Instantly Slim

May 15, 2025

The Owner School

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    

Recent Posts

Major milestone in Post Office scandal as first Capture conviction referred to Court of Appeal | Money News

Major milestone in Post Office scandal as first Capture conviction referred to Court of Appeal | Money News

October 18, 2025
Nancy Pelosi May Be Getting Her Most Serious Challenger Yet

Nancy Pelosi May Be Getting Her Most Serious Challenger Yet

October 18, 2025
US cools talk of delivering Tomahawk missiles to Ukraine over fears of ‘escalation’ | World News

US cools talk of delivering Tomahawk missiles to Ukraine over fears of ‘escalation’ | World News

October 18, 2025

CATEGORIES

  • Business News
  • The School of Arts
  • The School of Business
  • The School of Fitness
  • The School of Public Affairs
  • The School of Wellness

BROWSE BY TAG

Australia big Cancer China climate Day deal Donald Entertainment Football Gaza government Health League live Money News NPR people Politics reveals Science scientists Season Set show Star Starmer Study talks tariff tariffs Tech Time Top trade Trump Trumps U.S Ukraine War White win World years

RECENT POSTS

  • Major milestone in Post Office scandal as first Capture conviction referred to Court of Appeal | Money News
  • Nancy Pelosi May Be Getting Her Most Serious Challenger Yet
  • US cools talk of delivering Tomahawk missiles to Ukraine over fears of ‘escalation’ | World News
  • The School of Business
  • The School of Arts
  • The School of Wellness
  • The School of Fitness
  • The School of Public Affairs

© 2024 The Owner Press | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • The School of Business
  • The School of Arts
  • The School of Wellness
  • The School of Fitness
  • The School of Public Affairs
  • Login
  • Sign Up

© 2024 The Owner Press | All Rights Reserved