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Wall Street analysts point to underlying softness in inflation metrics, such as lower healthcare costs and declining airfare prices, which could help the Federal Reserve maintain its stance that progress toward its 2% inflation target is ongoing. Investors are now pricing in a potential rate cut by July, though the probability of a September cut remains higher.
Trump’s Tariff Threats Fail to Shake Market Confidence
President Trump’s recent signing of an executive order on reciprocal tariffs initially caused concern, but markets shrugged off the impact after it became clear that the tariffs would not take immediate effect. Investors are betting that any trade measures will be more symbolic than economically disruptive, especially given the complexities of implementing broad-based tariffs without Congressional approval.
Meanwhile, India and the U.S. have set a goal of increasing bilateral trade to $500 billion by 2030, further reinforcing investor optimism that global trade tensions will remain manageable.
Tech Stocks Lead the Market Higher
The ongoing rally has been largely driven by tech and AI-related stocks. The Nasdaq surged 1.5% in the last session, outperforming other major indices. Notable pre-market movers include:
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