Latest news with #TariffTurmoil
Wall Street Journal
a day ago
- Business
- Wall Street Journal
Stock Funds Add to Their Gains
Fund investors aren't ignoring tariff turmoil, but they—and investors in general—seem to be making some peace with it. For July, the average U.S.-stock mutual fund or exchange-traded fund posted a total return of 1.7%, according to LSEG data, to push the year-to-date advance to 5.4%. (See funds-data tables including Mutual-Fund Yardsticks.)
Yahoo
10-07-2025
- Business
- Yahoo
As Trump Calls For 3-Percentage Point Rate Cut, 'Too Late' Jerome Powell To Resign, June Fed Minutes Show 'Uncertainty' Reigns Supreme
As the minutes of the Federal Reserve's June meeting were released on Wednesday, the word 'uncertainty' reigned supreme amid the ongoing tariff turmoil and President Donald Trump's call to cut rates by 3 percentage points. What Happened: The words 'uncertain' and 'uncertainty' appeared 28 times in the June 17-18 meeting minutes, and Fed Chair Jerome Powell mentioned the two words 19 times, as highlighted by Ed Yardeni from Yardeni Research. 'Most of the uncertainty faced by Fed officials has to do with Trump's Tariff Turmoil (TTT). Collectively, they are leaning toward lowering the federal funds rate. But they are in no hurry to do so since they are worried that TTT might still boost inflation,' he said. Trending: Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — Meanwhile, the chief economist at LPL Financial, Jeffrey Roach, said that the key takeaways from the Federal Open Market Committee's June 18 policy meeting suggested 'The FOMC is comfortable remaining in wait-and-see mode. Despite headwinds, the economy continues to trudge along, giving policymakers time to assess the projected impact from tariffs.' This comes amid Trump's call for slashing the interest rates by 3%, highlighting that Powell was "Too Late" and it 'is costing the U.S. 360 Billion Dollars a Point, PER YEAR, in refinancing costs.' Trump has hinted at announcing Powell's replacement and called for his resignation on multiple occasions because of the Fed's 'wait-and-see' stance. On Wednesday, Trump also imposed 50% tariffs on Brazil, escalating the trade tensions between the two nations. This was followed by a slew of letters posted on his Truth Social account to Japan, South Korea and other countries, with a deadline of making a deal by Aug. It Matters: According to the Fed Minutes takeaways, the FOMC members were also concerned about stagflation risks if inflation proved persistent while employment weakened. 'Surprisingly, members thought the uncertainty about inflation and the economic outlook had decreased. Yet, committee members wanted to take a careful approach in adjusting monetary policy,' said Roach. The FOMC members also acknowledged that lower and moderate-income households were switching to lower-cost items, and these households could be disproportionately affected by tariff-related price increases. Roach added that at LPL, they expect next week's inflation data to show a reacceleration, giving the Fed more reason to keep rates elevated. 'We don't expect inflation readings will improve until later this year,' he added. Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100. Photo courtesy: Domenico Fornas / Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article As Trump Calls For 3-Percentage Point Rate Cut, 'Too Late' Jerome Powell To Resign, June Fed Minutes Show 'Uncertainty' Reigns Supreme originally appeared on
