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Markets Bounce Back After Trump's Powell Remarks

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President Trump sent the US stock market on a jagged round trip Wednesday after saying he had “talked about the concept of firing” the head of the Federal Reserve.
President Trump sent the US stock market on a jagged round trip Wednesday after saying he had “talked about the concept of firing” the head of the Federal Reserve.

A report on Wednesday said inflation at the wholesale level slowed to 2.3% last month, which was better than economists expected. It’s an encouraging signal, but it came a day after another report suggested that Trump’s tariffs are pushing up the prices US shoppers are paying for toys, apparel, and other imported products.

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