Overview

• Trump stated he has no intention of dismissing Federal Reserve Chair Jerome Powell, reversing earlier threats that had rattled markets.
• The President suggested substantial reductions to the 145% tariffs on Chinese imports, raising hopes for progress in U.S.-China trade negotiations.
• U.S. markets rebounded sharply, with the Dow Jones, Nasdaq, and S&P 500 all posting gains exceeding 2%, reflecting renewed investor optimism.
• Treasury Secretary Scott Bessent called the tariff conflict with China unsustainable and expressed optimism about reaching a trade agreement.
• Bitcoin surged past $90,000 as investors sought alternatives amid ongoing dollar weakness and concerns over central bank independence.