Media & Tech Stocks Extend Rally As Trump Softens Stance On China Tariffs, Fed Chief
Amazon and Meta are up, respectively, 7% and 6%. The uncertainty is brutal for businesses across sectors. Even-keeled Federal Reserve chief Jerome Powell said last week that tariffs would slow growth and raise prices. Getty Images Its a perfect time to lower interest rates. If he doesnt, is it the end? No, its not. But it would be good timing. It could have taken place earlier.