Morning Report 19 Jun 25: S&P 500 erases gains on Powell's inflation remarks

U.S. equity markets dipped as the Federal Reserve struck a cautious tone, warning that inflation may worsen—despite still projecting two rate cuts in 2025. Meanwhile, crypto stocks surged following the passage of the Genius Act, and bank shares rallied on signs of regulatory relief. Oil prices rose as the Iran-Israel conflict stretched into a sixth day. Closer to home, the ASX is poised to open lower on Thursday, with investors eyeing the Australian jobs report for clues on the RBA’s next move. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

There are no comments yet.

Please log in to write the first comment.