#PowellRemarks The United States has just increased 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 cargo 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 Chicago Economic Club. Markets hope to get some clues on whether rate cuts are still on the agenda or if concerns about inflation will keep the #Fed cautious.

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