Trump's tariffs raise inflation concerns, Powell hints at no rate cut in March

From Investing.com: 2025-02-11 06:01:00

President Trump signed executive orders to increase tariffs on steel and aluminum to 25%, threatening reciprocal tariffs on all countries. The Fed faces rising inflation expectations as market-based measures and consumer surveys indicate a potential increase. Fed Chair Powell hints at no rate cut in March, but investors doubt further cuts this year. Powell’s congressional testimony may impact market calm following tariff decisions. Dollar rises but stocks remain steady. Gold hits new high before retreating, while pound struggles after BoE’s Mann reiterates dovish stance. Gold prices up over 1% due to US sanctions on Russia and Iran.



Read more at Investing.com: Powell Testimony Eyed as Trump’s Tariffs Raise Inflation Risks