💨 Abstract

Stocks and dollar held steady on Wednesday ahead of U.S. inflation data. Jerome Powell's view that there's no need for a rate cut is supported by the data. Higher Treasury yields knocked gold back from record highs. Trump's tariffs on steel and aluminium, along with potential reciprocal tariffs, keep the market cautious. Fed rate cuts this year are expected to be in June.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖