$PEPE $FLOKI $DOGE MARKET ALERT: Fed Chair Powell just sent shockwaves through Wall Street—tariffs could mean higher prices and fewer jobs.
In a press conference today, Powell warned that if the newly announced tariff hikes stick, Americans should expect more inflation and weaker job growth.
His words:
“If large increases in tariffs as announced are sustained, we will likely see higher inflation and lower employment.”
Market reaction:
The S&P 500 dipped (-0.27%) as investors braced for turbulence.
Why it matters:
Inflation: Tariffs make imported goods pricier, adding pressure to already high costs.
Jobs: Companies may pause hiring or cut back if costs rise.
Volatility: Powell’s comments sparked sharp swings in trading—expect more ahead.
Bottom line: The Fed is watching closely, and this could impact future rate decisions. Stay tuned—economic uncertainty isn’t going anywhere.