Dow crashes 2,200 points and Nasdaq falls into bear market territory as stocks extend selloff after Powell signals no imminent rate cuts
- Stock Exchange continued his collapse on Friday as Nsdak Donald Trump fell into a male market due to the liberation date of the Liberation Trump. China corresponded to the United States for imposing 34% reps on US imports. In the market, Trump called Jerome Powell to reduce interest rates, but Fed Head has hopes for an imminent cut.
After 2020 after the liberation date of the Liberation Day of the Liberation Donald Trump, Lalis continued Lalis Lalisi after the worst one-day sales on Friday.
Dow Jones Industrial Direcal collapsed by 5.5%, losing 2,231 points, after a slide of 1,679.39 on Thursday.
S & P 500 suddenly crashed by 6% and NASDACs by 5.8%, sending Tech-Heavy Index more than 20% on its last high and put it in the Bear Market area.
Thursday evening, Jpmorgan Took the likelihood of a decline from 40% to 60% to the last tariffs of victory.
As investors demand bond security, the 10-year treasury crop slipped shortly below 4% to its lowest levels since September.
On Friday, Beijing stated that it would take revenge on 34% Trump tariffs on imports from China to import adequate charges for importing US imports. In addition, China has added several companies to “List of non-reliable persons“, Which affects foreign entities that violated the market rules or contractual obligations. China has also opened an anti-corruption investigation Dupontcausing his shares to slip 12%.
Trump stood firmly on his aggressive import responsibilities, saying that his “policy will never change,” he said. TRUTH SOCIAL the post.
In another post TRUTH SOCIALTrump required Federal Reserve chairs Jerome Powell low interest rate and “stop politics.”
But Powell warned on Friday that Sting tariffs could push inflation higher, hope that interest rates will soon fall.
“Larger tariffs will work their way through the economy and will most likely increase inflation in the coming districts,” he said at a business journalism conference in Washington.
Trump tariffs are “significantly larger than expected,” added Powell. While he noted that the economy is now healthy, citing positive Work Report: Friday has been released, he said that the uncertainty of Trump’s overloaded imports was annoying consumers and businesses, forcing the feed period.
“We are well-positioned to wait for greater clarity before taking into account the adjustments of our policy position,” Powell said. “It is very soon to say what will be the appropriate way to monetary policy.”
This story was originally shown Fortune.com
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