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Market Volatility: Stocks Flatten as Powell's Remarks Weigh on Gains

The stock market experienced a turbulent session on Wednesday, ultimately closing near flat after Federal Reserve Chair Jerome Powell's comments on monetary policy and inflation concerns. The S&P 500 ended nearly unchanged , giving back earlier gains as investors digested Powell’s remarks on the Fed’s stance regarding interest rates and economic restraint. Powell reiterated that the central bank remains cautious about inflation, particularly in light of tariff-driven price increases expected over the summer. While the Fed signaled that borrowing costs are likely to decline this year, the pace of future rate cuts appears to be slowing.  Following Powell’s speech, U.S. Treasury yields reversed their earlier declines , influencing market sentiment. The Dow Jones Industrial Average fell 43.83 points (0.10%) , while the Nasdaq Composite managed a slight gain of 23.66 points (0.12%).  Investors also kept a close eye on geopolitical developments, particularly tensions in the Midd...
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Liberal Government Strengthens Leadership with New Ministerial Chiefs of Staff

 


The Liberal government has appointed 12 chiefs of staff to serve some of the most influential federal ministers. These appointments, announced in an internal email to Liberal staff and obtained by The Globe and Mail, mark a significant step in shaping the administration’s leadership team. 

As top aides to ministers, chiefs of staff play a crucial role in policy development, strategic planning, and ensuring smooth communication between government departments. More appointments are expected in the coming weeks, further solidifying the government’s operational framework. 

This move comes at a time when the administration is focusing on key national priorities, including economic stability, healthcare improvements, and international relations. The newly appointed chiefs of staff are expected to bring expertise and experience to their respective roles, helping ministers navigate complex policy challenges. 

With these appointments, the Liberal government aims to enhance efficiency and strengthen its leadership team as it continues to address pressing issues facing the country. 



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