Dow Jones Top Markets Headlines at 5 AM ET: Global Markets Inch Higher After Volatile Wednesday Session | Trump …
Global Markets Inch Higher After Volatile Wednesday Session
U.S. shares were poised for a flat open after comments from President Trump on Jerome Powell’s future had knocked stocks and pushed up Treasury yields in the previous session.
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Trump Denies He Is Planning to Attempt to Fire Powell
“We’re not planning on doing anything,” the president told reporters, adding later, “I don’t rule out anything, but I think it’s highly unlikely. Unless he has to leave for fraud.”
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U.K. Unemployment Inches Higher as Cracks Emerge in Labor Market
The jobs market continued to cool in May, raising the pressure on the Bank of England to cut its key interest rate next month, despite last month’s unexpected pickup in inflation.
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Swiss Exports Slip as Frontrunning Fades
Exports decreased 5.3% as tariff frontrunning reversed and a strong franc likely squeezed demand.
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Japan’s Exports Drop Again as Tariffs Weigh
Exports fell for a second straight month in June, fueling fears that U.S. tariffs will halt Japan’s economic recovery and complicate the central bank’s policy plans.
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Fed’s John Williams Says Rate Stance Remains ‘Entirely Appropriate’
The president of the New York Fed suggested he is reluctant to support lowering interest rates ahead of the bank’s next meeting, arguing that tariffs are likely to drive further inflation.
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What History Tells Us About the Perils of Firing Jerome Powell
Politicians often want lower rates. Central banks seek stable prices.
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Rise in Australian Unemployment Will Force RBA’s Hand
Much is made about how central bankers fret over rising inflation, but there’s really nothing like a sudden and sharp rise in unemployment to focus their minds and force them into action.
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Crypto Bills in Limbo After House Vote Stalls. What’s Next.
Crypto prices had recovered but GOP lawmakers were at an impasse on crypto legislation despite President Trump’s “crypto week” declaration.
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Bank Stress Tests Are Getting Easier. This Fed Governor Warns That Puts the System at Risk.
Michael Barr issued a stark warning Wednesday about efforts to soften financial regulation, and he asked policymakers to “resist the pressure” to ease restrictions.
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Trump blasts trade deficits in goods as a big threat to the U.S. Why economists are dismayed.
With his two dozen letters to U.S. trading partners last week, President Donald Trump promised elevated tariffs on Aug. 1 largely to tackle an issue he’s raised for decades – trade deficits.
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What S&P 500, Bond, and Gold Charts Tell Us About Where the Stock Market Goes Next
Warning signs abound following a mega-rally off the April lows.
(END) Dow Jones Newswires
July 17, 2025 05:15 ET (09:15 GMT)
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