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Powell + Trump + US stock earnings reports collectively “bombarding” accounts
Powell has said goodbye as Federal Reserve Chair, but he still needs to continue serving as a Fed board member until 2028. And Powell said that with inflation running high, the market believes the odds of future rate hikes are greater than the odds of rate cuts—this is the first wave of “bombing.”
Then this morning, Trump also said he wants to “bomb” Iran again, forcing Iran to back down and make concessions on nuclear negotiations—this is the second wave of “bombing.”