The stock market experienced more losses on Monday. It follows several bumpy weeks on Wall Street amid President Donald Trump’s trade war and his criticism of the Federal Reserve.U.S. government bonds and the value of the dollar, which typically strengthen during turbulent times, also sank. Experts say this reflects uncertainty around what are typically considered some of the world’s safest investments.It comes as Trump once again targeted Federal Reserve Chair Jerome Powell on social media Monday. “With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” Trump wrote on Truth Social. The central bank is designed to operate independently from political influence to stabilize prices and the job market. The Fed has paused interest rate cuts for now, in part to…
Stock market and US bonds sink amid Trump’s trade war and Fed criticism
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