In a surprising turn, stock futures surged after President Trump announced he won't fire Fed Chairman Jerome Powell. The Dow jumped 664 points, while trade tensions with China continue to loom.
The Trump administration's recent tariffs on over 180 countries are anticipated to raise inflation and decelerate economic growth, as warned by Federal Reserve Chairman Jerome Powell. With significant tariffs imposed, including a staggering 54% on Chinese exports, recession fears loom larger than ever.
