Federal Reserve Chairman Jerome Powell delivered a speech at a press conference after a two-day meeting of the Federal Open Market Committee in Washington, DC, on May 7, 2025.
Kevin Lamarque | Reuters
When the Federal Open Market Committee met in March, U.S. President Donald Trump has not released what he calls “reciprocity” tariffs.
But Fed policymakers are ready for the impact of trade barriers. At the end of the meeting, FOMC lowered its economic forecast for the United States and hiked its inflation forecast. Fed Chairman Jerome Powell said a "large percentage" of the forecast "came from tariffs."
On April 2, Trump even shocked market watchers on the high tariff list in many countries. Even if Trump paused them, the Fed seemed to operate on (very uncertain) assumptions that Trump could recover those shocking taxes at any time.
In the recent FOMC meeting ended Wednesday, Powell no longer caused punches at a post-conference press conference like he did in March. This time, he puts the blame directly on Trump’s tariffs, saying they “could” lead to higher inflation, economic growth and higher unemployment, a scattered situation.
So far, this is the most obvious warning the U.S. authorities may have about damage to tariffs. But, given that Trump is not only frustrated with Powell, but said on Wednesday that he would not consider lowering China's 145% tariffs to begin trade talks with the country, it is unlikely that Trump will hear the Fed's caution.
Fed hold rates and warnings
Since December, the U.S. Federal Reserve has stabilized its key interest rates between 4.25% and 4.5% on Wednesday. At a press conference after the Fed meeting, Chairman Jerome Powell said Trump's "reciprocity" tariffs were "much larger than expected" and "could lead to higher inflation, slower economic growth and increased unemployment."
Trade Agreement between Britain and the United States: The New York Times
According to the New York Times, Britain will sign a trade agreement with the United States. The report comes after Trump said Wednesday night in the U.S. that there will be a briefing on the trade deal the next day without revealing any details. If the deal passes, the UK will be the first country to seal a country after Trump imposed tariffs on U.S. imports in April - but it is unclear whether the two countries will sign a final agreement or reach a framework for the agreement.
Stock jump float index
U.S. stocks rose on Wednesday. this S&P 500 Increased by 0.43%, Dow Jones Industrial Average Get 0.7%, up 10.8% Disney Share and Nasdaq Composite Materials Climb to 0.27% Nvidia Stocks rose. The Asia-Pacific market climbed on Thursday. From Hong Kong Hanging Forest Index With the stock of Chinese bubble TEA brand Auntea Jenny than it was on its first day of trading on the city's stock exchange, Rose was about 0.6%.
White House simplifies chip export rules
Nvidia Stocks jumped 3.1% as the Trump administration prepares to revoke so-called “AI proliferation rules.” The rule was proposed by the Biden administration, splitting countries into three different layers, all of which are on advanced AI chips (such as Nvidia and Nvidia and Advanced Micro Devices It can be shipped to the country without permission.
AI can replace search engines: Apple
letter Stocks fell 7.5%, of which apple According to Bloomberg, Apple's service head Eddy Cue said he believes AI search engines will eventually replace standard search engines such as Google. Additionally, Apple is asking the court to allow a reboot of the committee's committee to apply for intra-trading, which links out to pay, adding that the injunction will cost the company "large amounts" of money.
(Professional) How to Play Trump's "Very Big Announcement"
On Tuesday, Trump revealed in an Oval Office meeting with Canadian Prime Minister Mark Carney that he plans to make a "very, very big announcement" before heading to the Middle East next week. What's this Morgan Customers are being advised on how to tilt towards this potential headwind in the market.
2024 Macy's Balloons are inflated on the 2024 Thanksgiving Parade on November 27, 2024 in New York.
Timothy A. Clary | AFP | Getty Images
Disney announces an Abu Dhabi theme park and resort
Walt Disney Co. announced Wednesday that it has reached an agreement with its immersive destination and has gone through Miral to bring the park and lawsuits to Yas Island in the United Arab Emirates.
This will be Disney's seventh theme park resort, which will be fully developed and built by Miral. Disney Imagineers will lead creative design and operational oversight for the project. The entertainment giant will not invest capital in the project, but will receive the benefits of royalties.
In recent years, Disney has slowly entered the UAE, adding retail locations and touring entertainment such as Broadway’s “The Lion King” and “Disney on the Ice”. Disney notes that about one-third of the world's population lives in the UAE's four-hour flight, with the region's tourism market having about 500 million tourists.