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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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Turkey Offers to Host Russia-Ukraine Peace Talks Amid Ceasefire Discussions

In a significant diplomatic move, Turkish President Recep Tayyip Erdogan has expressed Turkey’s readiness to host negotiations between Russia and Ukraine aimed at achieving a ceasefire and lasting peace. Erdogan conveyed this offer during a phone call with French President Emmanuel Macron, emphasizing that the current moment represents a "historic turning point" in efforts to end the ongoing war.

The proposal comes as Russian President Vladimir Putin has invited Ukraine to engage in direct talks in Istanbul starting May 15, following pressure from European leaders demanding an unconditional 30-day ceasefire. Ukrainian President Volodymyr Zelensky has responded by stating that Kyiv is willing to negotiate but insists that Moscow must first commit to a full ceasefire.

Turkey has maintained diplomatic ties with both Russia and Ukraine since the conflict began in 2022, previously hosting peace talks in Istanbul. Erdogan reiterated Turkey’s willingness to contribute to the peace process, underscoring the importance of international cooperation in securing a resolution.

As discussions unfold, the global community watches closely to see whether this latest initiative will pave the way for meaningful negotiations and a potential end to hostilities.

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