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Category: CRYPTO NEWS
The post Wall Street’s pivot on the U.S. market: warns of a ‘sell America’ trade appeared on BitcoinEthereumNews.com. U.S. President Donald Trump’s heightened pressure campaign on Federal Reserve Chairman Jerome Powell on Monday caused a significant drop in financial markets to kick off the week. The sell-off also sparked a broader debate about the role of ‘safe-haven’ assets in the wake of global and economic uncertainty. Trump called Powell a “major loser” and warned that the U.S. economy could slow down unless interest rates are lowered immediately. He wrote on Truth Social that “‘Preemptive Cuts’ in Interest Rates are being called for by many.” Financial market drops amid Trump’s attack on Powell US stocks and dollar sink as Trump renews attacks on Fed chair PowellCurrency sell-off intensifies after president steps up criticism of central bank head for not cutting rates — Ajay Bagga (@Ajay_Bagga) April 22, 2025 The President argued that there is currently “virtually No Inflation” in the U.S. and that costs for energy and “most other things” are on the decline. Trump also added that, with costs trending downward just like he predicted they would do, there can almost be no inflation, “but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW.” Trump’s latest remarks raised questions in his administration about whether they can legally fire the Fed Chair before his term expires in May 2026. Risk-off investments, including long-term bonds and the U.S. dollar, which are considered historical hedges against volatility, aggressively sold off yesterday, parallel to the sharp drop in the stock market. The dollar (DX-Y.NYB) plummeted to its lowest since 2022, while the 10-year yield (^TNX) rose back above 4.4%. The 10-year yield continued to trade around 4.4% on Tuesday while the U.S. dollar index dropped below the 100 level, which is a key psychological and technical level. The markets showed unusual developments…
2025-04-23T03:43:06+00:00