Global trade tension is heating up and tonight everyone’s watching Powell
The US just raised tariffs on Chinese imports to an unbelievable 245 percent. This goes beyond trade now and looks more like a power play. China hit back by suspending cargo services to the US. That means many companies will no longer ship anything to or from the US.
This could seriously disrupt global supply chains.
At the same time, all eyes are on Jerome Powell. He’s speaking tonight at 8:15 PM Turkish time at the Economic Club of Chicago. Markets are hoping for some clues on whether rate cuts are still on the table or if inflation concerns will keep the #Fed cautious.
With both geopolitical and financial pressure building, Powell’s words might shape the next market moves.
Do you think his speech will calm things down or shake things up even more?