Jerome Powell Expects Tariffs to Have Negative Impact
In a speech yesterday, Fed Chairman Jerome Powell said tariffs could have a larger and more persistent impact on inflation than previously expected, adding that markets were likely to experience further volatility.
🔽 The US stock market fell and lost $1.5 trillion after Powell's comments yesterday. Bitcoin remains above $84,000.
🇨🇳 China imports record volumes of Canadian oil after cutting US purchases by 90% amid trade war
🇺🇸 In the meantime, the US will use negotiations with
more than 70 countries to block China's trade routes.
#PowellRemarks #CanadaSOLETFLaunch #BinanceAlphaAlert #USElectronicsTariffs #SaylorBTCPurchase