Trump suddenly meets with Powell, and their relationship seems to have eased, but Federal Reserve officials are still sending hawkish signals, indicating that a rate cut before September is unlikely.
On another note, a U.S. court has ordered the immediate repeal of Trump's tariff policy within 10 days, which could trigger a chain reaction.
Tonight, focus on the core PCE data; if inflation cools down, the market may catch a breather and even see a rebound.
Personally, I feel that market sentiment is approaching a freezing point, and opportunities for a rebound from overselling are brewing.
