Trading Day: No direction Jerome
U.S. markets struggled for clear direction on Thursday, as investors cooled some of their optimism around Federal Reserve Chair Jerome Powell's view that the economy is in good shape and tariff-related price rises will be transitory. It remains to be seen whether Powell's confidence will be justified. Warnings from around the world about the uncertain outlook have proliferated this week, from the Bank of Japan on Wednesday to the Bank of England, Swiss National Bank, Sweden's Riksbank and European Central Bank President Christine Lagarde on Thursday.