#PowellRemarks The United States has just raised tariffs on Chinese imports to an incredible 245 percent. This goes beyond trade and resembles more of a power play. China has responded by suspending shipping services to the United States. This means that many companies will no longer ship anything to or from the United States.

This could seriously disrupt global supply chains.

At the same time, all eyes are on Jerome Powell. He will speak tonight at 8:15 PM Turkish time at the Economic Club of Chicago. Markets hope to gain some insight into whether rate cuts are still on the agenda or if inflation concerns will keep the #Fed cautious.

With rising geopolitical and financial pressure, Powell's words could influence the next market movements.