U.S. Federal Reserve Chair Powell testifies in WashingtonFed Chair Jerome Powell's sort of dovish comments have cemented an interest rate cut in September, at least in markets' eyes, with the prospect of Donald Trump making a return to White House keeping trades associated with it in play and on investor minds.
That has left the U.S. dollar swaying, with the greenback weakening in the wake of Powell's comments but seeing a bit of strength in Asian hours as investors ponder what a Trump presidency could mean for inflation and interest rates. In Europe, futures indicate bourses are due for a subdued start on Tuesday and, with little in the economic calendar for investors to take cues from, Trump and Powell will yet again dictate market movement.
The former first lady spoke out after former President Donald Trump was wounded in a shooting at a campaign event the previous evening. The man who photographed a bloodied and defiant Trump says he 'knew it was a moment in American history that had to be documented' Local cop reportedly encountered Trump shooter on rooftop seconds before he opened fire but retreated