Fed Chair Powell dodged the question on how the institution plans to deal with the DOGE and its demand to access private information but confirmed that the institution will serve people better if it remains independent. Consumer price inflation accelerated in January, supporting the Fed's case of keeping higher rates for longer.
The Trump administration's weak resolve to carry out its threat of tariffs has shaken global investors confidence in the newly appointed president and his top staff. Global financial markets are shifting attention away from Trump's hollow proclamations that seem to be increasingly not followed through.
Investors reacted to the latest batch of earnings, including results from AMD, Alphabet, Chipotle Mexican Grill, Uber Technologies, and Walt Disney Co. The Trump administration flip-flopped again on processing parcel deliveries from China after delaying tariffs on Mexico and Canada.
GOOG AMD DIS UBER CMG
GOOG AMD DIS UBER CMG