Wall street rally as Trump softens stance on Fed chair, China tariffs

Quick Summary:

International-Business News: US stocks kicked off Wednesday’s trading session with a powerful rally, fuelled by renewed investor optimism after key political developments helped e.

However, Powell and other central bank officials signaled a more cautious stance, citing economic uncertainty driven in part by Trump’s own tariffs and persistent inflation above the Fed’s 2% target.

Following weeks of volatility driven by concerns over interest rates, central bank independence, and global trade, Wall Street welcomed signs of stability from Washington.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaBangladeshChinaFranceGermanyHong KongJapanZimbabwe

Topics: Federal Reserve Dow Jones Industrial Average US stock markets Nasdaq Stock market rally China trade war

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 21:38:32 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 1198 words

Reading Time: 7 minutes read

Sentences: 49 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 28172769

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

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Year Established: 1838

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