White House says pick to replace Fed's Powell not ‘imminent' after Trump floats ‘3 or 4' candidates
1. S&P 500 closed near record high amid optimism over rate cuts and inflation. 2. Trump suggested replacing Fed Chair Powell, increasing market uncertainty. 3. Fed officials signal potential rate cuts, easing inflation concerns. 4. Lower tariff rates contribute to investor optimism and market strength. 5. Ceasefire in Israel-Iran conflict boosts market stability.