Wall Street is holding its breath. Investors are jittery ahead of the Trump administration’s next round of tariffs set to go into effect on July 9. With tensions mounting between the U.S. and China, traders fear a fresh economic battle could hit tech stocks hard and send inflation soaring once again.
Federal Reserve Chair Jerome Powell added fuel to the fire today by signaling the central bank will likely hold interest rates steady, citing global uncertainty and unpredictable trade tensions.
The Dow fell slightly this morning, and analysts say things could get worse fast if companies begin pulling investments overseas. Everyone from business owners to everyday Americans are watching the headlines and their wallets.
Also Read: Trump’s “Big Beautiful Bill” Could Add $3.3 Trillion to U.S. Debt, Report Says
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