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Tech Jitters and Fed Uncertainty Weigh on Markets

U.S. stocks slipped as a pivotal week began, with investors bracing for a wave of Big Tech earnings and the Federal Reserve’s upcoming policy decision. The Dow, S&P 500, and Nasdaq all edged lower, reflecting a cautious mood across markets. The pullback follows a choppy stretch for equities, as major indexes have struggled to regain momentum amid shifting expectations for interest‑rate cuts and ongoing geopolitical concerns. Tech stocks, in particular, have been under pressure after consecutive weekly declines, raising the stakes for earnings reports from industry giants. Apple, Microsoft, Meta, and Tesla are all set to report in the coming days, and their results could determine whether the sector reclaims leadership or continues to drag on broader market performance. With the Fed meeting approaching, traders are looking for clarity on the central bank’s rate‑cut timeline. Until then, many appear content to stay on the sidelines as uncertainty hangs over the week ahead.
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Inflation Climb Reinforces Fed’s Cautious Stance as Powell Returns to Capitol

 

Federal Reserve Chair Jerome Powell is back on Capitol Hill amid new data showing that inflation in the United States jumped to a 3% annual rate in January—slightly higher than December’s 2.9%. The uptick, driven by rising costs in housing, food, and energy, is prompting concerns that the progress on curbing inflation may be stalling.

In his second day of testimony before Congress, Powell reiterated that the Fed is in no rush to lower interest rates. He emphasized that while the overall economy remains robust, the unexpected surge in consumer prices underscores the need for a “wait-and-see” approach. Lawmakers grilled him on various issues ranging from tariff policies to the safety of bank deposits, but Powell maintained that the current monetary policy framework is appropriate given the mixed economic signals.

Market observers noted that the higher-than-expected inflation data might further delay any future rate cuts, as the Fed continues to weigh the risks of reducing policy restraint too quickly. With Powell’s testimony ongoing, all eyes remain on Capitol Hill as policymakers and investors seek clarity on the future direction of U.S. monetary policy.


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