PremiumPost-Fed Hangover Hits Stocks As Trump Reminds Traders 'Liberation Day' Looms
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After melting up on a potentially dovish Powell yesterday afternoon, US equity markets were somewhat more wild today (but ended holding on to some of yesterday's gains)...
US equity futures swooned shortly after 5am ET, erasing all post-FOMC gains, as doubts grew that the Fed can significantly cut interest rates in the face of potentially inflationary trade tariffs and sentiment was weighed down by comments from ECB President Lagarde, who said that US tariffs could hit growth in the region, and couldn’t make firm commitments on interest rates.
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