Trump has criticized Powell again, this time without naming him.
A week after claiming he had no intention of firing Powell, Trump again publicly criticized the Federal Reserve, stating, "We have a Federal Reserve that is not performing well," and believes he understands interest rates "better than he does."
A JPMorgan survey indicates that the S&P 500 Index has peaked this year, but investors remain bullish on the Magnificent 7.
① A JPMorgan survey shows that 93% of investors believe the S&P 500 Index will hover around 6000 points or lower in the next 12 months, with 40% expecting it to remain within the 5000-5500 points Range; ② Respondents unanimously believe that trade wars and tariff uncertainties will trigger economic consequences, with 61% expecting the USA economy to face stagflation in the next 12 months.
Market Update | Most Autos stocks rose, NIO increased by over 5%, Li Auto grew by 2%, and Trump plans measures to mitigate the impact of car tariffs.
According to market news, President Trump of the USA will announce measures on Tuesday (April 29) to mitigate the impact of auto tariffs.
Cross-border e-commerce platforms have collectively raised prices in the United States.
Companies are being forced to pass costs onto consumers.
Trump Tells Time New Trade Deals Coming in Next Three to Four Weeks
Tesla welcomes a major policy package: the USA plans to relax regulations on autonomous driving.
On April 25, reports stated that the USA government will relax regulations on autonomous driving, reducing the originally cumbersome accident reporting process, allowing non-commercial test vehicles to skip certain compliance procedures. This move is seen as the USA's largest deregulation regarding autonomous driving, directly addressing the core demand for Tesla, and giving the green light for Musk's plan to launch the Cybercab autonomous taxi fleet in Texas this June.
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