Fed rates, Trump pushes for cut, Nvidia supply chain: 3 Things


00:00 Speaker A

let’s get to the three things that you need to know today.

00:03 Speaker B

First up, the post-Fed pop in US stock futures fading a bit this morning, as Powell’s attempt to ease investor concerns about growth slowing and tariff concerns fell flat.

00:15 Speaker C

What would you write down? I mean, uh, it’s just, it’s really hard to know how this is going to work out.

00:22 Speaker B

And meantime, the bond market rally continuing amid that uncertain outlook, and gold pulling back slightly today after touching a record high following that rate decision.

00:30 Speaker A

Plus, President Trump at odds with the Federal Reserve when it comes to the rate cut outlook. The president coming out saying the Fed should cut rates as tariffs begin to work their way into the economy. Trump’s post Wednesday evening comes as his administration prepares to unveil a fresh wave of tariffs, which Federal Reserve chair Jerome Powell signaled was hanging over forecasts.

00:49 Speaker B

And Nvidia planning to spend hundreds of billions of dollars on investing in the US. CEO Jensen Huang told the FT that the latest chips designed by his company can now be produced at US-based factories operated by TSMC and Foxconn, marking a major step forward in supply chain resilience for the company. Nvidia is in the midst of hosting its GTC developers conference and will kick off its first ever quantum day today.


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