Rate Cuts, Trump Pressure, and a Chip Ban
Update: 2025-09-17
Description
Fed Cuts Rates Amidst Political Pressure! Stocks reacted unevenly after the Federal Reserve's first rate cut this year, with the Dow up but the S&P 500 and Nasdaq slightly down. Chairman Powell cited a weakening labor market and high inflation as reasons, hinting at possible future cuts. Political tensions are high as Trump criticizes Powell and new governors push for more aggressive action. In other news, China banned Nvidia's AI chips, impacting the global tech market, while General Mills exceeded sales expectations but warned of future challenges, and Cracker Barrel reaffirmed its brand identity after logo controversy.
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