Tag: Jerome Powell

(2 August 2025)  Stocks sold off last week as Friday's weak US jobs report reawakened recession fears while Trump's tough tariff talk undermined sentiment once again.  The decline came after the Fed left rates unchanged as Chair Powell reiterated his wait-and-see approach given the uncertain inflationary impact of the new tariffs. With the start of a new month, it seems that the long-awaited pullback is finally here. Given the relatively bearish seasonality of August and September, there would appear to be a compelling case for further downside in the near...