The US stock market is searching for a solution to the ongoing trade tensions, but Federal Reserve Chair Jerome Powell has ruled out using monetary policy to mitigate the impact of tariffs. Here are five key things to know today:
The stock market is facing uncertainty due to ongoing trade tensions and tariffs imposed by various countries, particularly China and the European Union.
The US economy is still experiencing a slowdown, with low inflation rates and dwindling consumer spending.
Federal Reserve Chair Jerome Powell has stated that the Fed will not use monetary policy to rescue the stock market from tariff-related uncertainty. Instead, he favors fiscal policies as a solution.
Other central banks may consider implementing expansionary monetary policies to boost their economies, but this is unlikely to have a direct impact on the US stock market.
The situation remains complex, and investors are left to navigate the uncertain trade environment, which is likely to continue in the coming months.
Source: https://www.barrons.com/articles/stock-market-tariffs-fed-things-to-know-today-0e9b3f71