The S&P 500 and the Nasdaq opened at record highs, while the Dow was on the cusp of that as optimism from a U.S.-EU trade pact set the stage for a week packed with megacap earnings.
Read More S&P, Nasdaq at record highs as US-EU trade deal sparks optimism in pivotal week
President Donald Trump and Federal Reserve Chair Jerome Powell clashed on camera over Federal Reserve renovation costs.
Read More Trump and Fed. Chair Powell clash over Federal Reserve renovation costs
Treasury Secretary Scott Bessent recently maintained that President Donald Trump has no intention of firing Federal Reserve Chair Jerome Powell—in light of previous statements made by Trump where he suggested that he wishes the fed chair would resign.
Read More Bessent reiterates Trump doesn’t plan to fire Fed. Chair Powell: ‘He’s said that on numerous occasions’
President Donald Trump has officially signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law.
Read More Trump signs ‘GENIUS Act’ into law, calling it the ‘greatest revolution in financial technology’
Traders now price in a nearly 25% chance of the Fed cutting rates in July, compared with 12.5% last week, according to CME Group’s FedWatch tool.
Read More S&P 500, Nasdaq near record highs as rate-cut bets creep up
Federal Reserve policymakers have already signaled they are in no rush to cut interest rates, and a government report cements that stance.
Read More Fed likely to leave rates unchanged as US job market cools but doesn’t crumble