The latest updates continue to energize the U.S. stock markets with promising highlights. Before Powell’s recent comments, the probability of a rate cut in September was sitting at 75%, but it has now climbed back to 90%. Meanwhile, Trump announced the completion of the Intel agreement, signaling yet another milestone. His statements, supportive for both stock and cryptocurrency markets, also hint at some potential risks ahead.
Intel Agreement Unveiled
NVIDIA entered into a deal with Trump to neutralize chip sale tariffs. In a similar vein, Apple has pledged a whopping $600 billion investment. Now, Trump has revealed that an agreement with Intel has been reached. As of the article’s preparation, Trump’s final statements indicated that the U.S. was preparing to buy 10% of the chip manufacturer’s shares. This move aims to mitigate tariff pressures on Intel amidst strained U.S.-China relations.
Trump recently met with Intel’s leader, encouraging speculation about the deal after calling for his resignation last week. The sacrifices made by America’s largest tech companies are seen as supportive measures to control price hikes. Without these agreements, American consumers would face higher costs for related products.
Trump’s Strategic Statements
Trump addressed Powell’s signal for a rate cut, remarking that while the decision is now almost certain, it comes too late for his liking. Shifting focus to ongoing developments with Russia, the U.S. President mentioned potential sanctions within two weeks, pressing Putin to act swiftly for peace.
“I had beneficial discussions with Canadian Prime Minister Carney.
I’ll give Putin a few weeks; I can decide on Russia in two weeks. The decision will be crucial—sanctions, tariffs, or maybe nothing? If needed, I can decide on sanctions for Russia within two weeks.
If necessary, I’ll extend the national emergency in Washington. Should it happen, the soldiers may stay. I don’t foresee needing to declare a national emergency.
Intel has been poorly managed for years. Now they’ve agreed to the deal.
Powell should have cut rates a year earlier; it’s too late to signal a cut now.”
At the time this article was prepared, ETH was striving to surpass its all-time high. Minutes ago, the price surged to $4,849, just $20 short of setting a new record.
