Asian equities experienced a dip following Jerome Powell’s inflation outlook. The Fed held rates steady, signaling two potential cuts this year, but tariff-driven uncertainty complicates policy easing. Powell highlighted that tariffs are likely to boost prices, impacting consumers. Markets await further details on the global economy and geopolitical tensions.
Andrew Ferris warns S&P 500 rally is ‘superbly overvalued’
Andrew Ferris of Ecognosis Advisory suggests that inflation is rising. He believes the Federal Reserve will not cut interest rates in September. He finds the
August 13, 2025