US Stocks Crumble Amid Tariff Concerns as Powell Warns of Higher Inflation
US stocks plummeted for the second day in a row on April 4 as Federal Reserve Chair Jerome Powell cautioned that “reciprocal tariffs” could significantly impact the economy, potentially leading to higher inflation and slower growth. The Dow Jones dropped 2,200 points, while the S&P 500 slid by 10% over the two-day period. Powell stated … Read more