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The Dow Jones held steady as investors digest Fed Chair remarks. Markets are brushing off the latest batch of tariff threats. Key US inflation data looms ahead this week. The Dow Jones Industrial Average (DJIA) is mostly on balance on Tuesday, holding steady near 44,500 after Federal Reserve (Fed) Chair Jerome Powell signaled that the Fed is willing to wait as long as necessary to make sure the economy is stable and further progress on inflation will be made before cutting rates again. United States (US) President Donald Trump escalated his ongoing efforts to spark a global trade war between the US and everybody else. Investors are banking on another last-minute resolution and shrugging off President Trump’s tariff bluster. Jerome Powell Testimony Live: Not for the Fed to comment on tariff policy Fed Chair Powell reiterated most of his recent talking points when he presented the Fed’s Monetary Policy Report to the Senate Banking Committee on Tuesday. The Fed head noted that neutral rates have likely risen since the 2020 pandemic and that the Fed is comfortable holding interest rates where they are for the time being unless a drastic shift in US labor or inflation figures presents itself. US President Donald Trump launched a fresh round of tariff threats this week, but market participants are getting used to his “all bark, no bite” approach to blustery trade statements. Since the pre-election campaign trail, President Trump has been kicking the can down the road on his own tariff threats, promising day-one widespread tariffs that have yet to appear outside of a meager tariff increase on Chinese goods. The latest batch of still-hypothetical tariffs that Donald Trump signed into pseudo-existence this week is a wide, catch-all 25% tariff on all steel and aluminum imports into the US, with warnings that the…

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Filed under: News - @ February 11, 2025 6:25 pm