Bonds & Stocks
An anxious calm was restored on Wall Street following Monday’s jarring losses, with stocks, bonds, and the dollar steadying even as haven-seeking traders sent gold to a record high amid concern over White House hostility toward Jerome Powell. S&P 500 contracts climbed 0.7% as traders looked forward to earnings from Tesla Inc. later in the day.
Economy
President Donald Trump warned the US economy may slow if the Federal Reserve does not move to immediately reduce interest rates, in his latest broadside against Fed Chair Jerome Powell. Trump said in a social media post Monday that “there is virtually No Inflation,” pointing to lower energy and food prices.
World
The US set new duties as high as 3,521% on solar imports from four Southeast Asian countries, delivering a win for domestic manufacturers while intensifying headwinds already threatening the country’s renewable power development.