Tariff Delay, Inflation Data to Sway Fed Rate Decision | JQJO

Wall Street reacted calmly to the 90-day postponement of US-China tariff hikes, shifting focus to Tuesday's inflation data. This data will heavily influence the Federal Reserve's decision on interest rate cuts. The delay allows for continued trade negotiations. Meanwhile, Intel shares rose after Trump's meeting with its CEO, and Asian markets saw significant gains, particularly in Japan following tariff confirmations. Inflation concerns remain, with economists expecting a 2.8% year-over-year increase in July, raising stagflation fears.