💨 Abstract

Stocks rose and U.S. Treasury yields firmed on Wednesday as investors evaluated the latest U.S. tariff increase and Fed Chair Jerome Powell's indication of a patient approach to rate cuts. Markets awaited a U.S. consumer price reading for guidance on monetary policy. Trump's tariff hike on steel and aluminum imports drew criticism from Mexico, Canada, and the EU, with the latter promising countermeasures.

Courtesy: theprint.in

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