Wall Street’s confidence in the economy has been shaken by weak job growth and the latest tariffs announced by President Donald Trump. The news has intensified pressure on Fed Chair Jerome Powell to lower interest rates, highlighting growing unease with the White House’s protectionist policies.
Source: https://www.bloomberg.com/news/articles/2025-08-01/wall-street-s-months-long-truce-with-washington-is-shattering