Powell's tenure as Fed chair marked by fight for independence while trying to tame inflation - McAlester News-Capital

The era of Federal Reserve rate cuts has concluded, with expectations now shifting to rate hikes as stagflation looms.

Wall Street experienced a decline as investor concerns over inflation led to an increase in bond yields.

Dow futures dropped 462 points due to renewed inflation concerns and expectations of a Federal Reserve interest rate hike in the U.S. stock market.

Bond yields surged to a one-year high, driven by rising oil prices and inflation data, unsettling financial markets.

The article addresses three major macroeconomic and geopolitical risk factors: inflation, tariffs, and war.