Powell Optimism Fuels Market Surge, Trump Intel Deal Offers Opportunities & Challenges

The U.S. stock market witnessed a surge in activity following recent developments, driven by expectations of a likely September rate cut announcement from the Federal Reserve Chair Jerome Powell and President Donald Trump’s agreement on an Intel deal. These newsworthy events have ignited optimism within various sectors like technology and finance. A reassessment of September rate-cut probabilities now suggests a 90% likelihood, further buoying market confidence. Meanwhile, Trump’s announcement regarding the finalized Intel deal presents both opportunities and challenges for the stock and cryptocurrency markets.