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Trump–Powell Showdown Intensifies as White House Floats Criminal Charges

                                                       Donald Trump and Federal Reserve Chair Jerome Powell A dramatic escalation in the long‑running tension between President Donald Trump and Federal Reserve Chair Jerome Powell has thrust the independence of the U.S. central bank into the spotlight. The conflict deepened after Powell disclosed that the Department of Justice had issued grand jury subpoenas to the Federal Reserve—an action he suggested was politically motivated. The inquiry centers on Powell’s congressional testimony about cost overruns tied to a Federal Reserve building renovation. Powell has dismissed the investigation as a pretext, arguing that the administration’s real aim is to pressure the Fed into cutting interest rates more aggressively, a move Trump has repeatedly demanded. The threat of potential...
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Stock Futures Rise as Wall Street Nears the End of a High-Flying Q2

In recent weeks, the stock market has seen impressive gains, with the S&P 500 up around 4.5% and the Nasdaq surging approximately 8%. However, there are signs of fatigue, particularly for Nvidia (NVDA), which had been a standout performer.  

As we head into the last week of Q2, keep an eye on macroeconomic developments and the upcoming release of the Personal Consumption Expenditures (PCE) index, which could impact the Federal Reserve’s rate-cut decisions. Additionally, consider the valuation perspective—Nvidia’s stock trades at a premium compared to other tech giants like Microsoft and Apple.


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