US Dollar Suffers as Trump Pressures the Fed

From Investing.com: 2025-04-22 05:11:00

Trump continues to criticize the Fed, putting pressure on Powell to lower rates. Despite Trump’s demands, Powell maintains Fed’s independence and patience in examining tariff impacts on economy. Fed speakers on the wires today expected to defend Fed’s stance and independence. Market anxiety remains high, with US stocks struggling and April shaping up to be worst month since 2022. Bond yields rise as Treasury auctions take center stage, with investors watching for Chinese participation. Gold surpasses $3,500, benefiting from tariff war and Trump’s rhetoric, while dollar underperforms against major currencies. Cryptos also rise, with Bitcoin reclaiming $88k mark.



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