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Dollar, Stock Futures Decline as Trump Berates Fed: Markets Wrap

(Bloomberg) -- A gauge of the dollar fell to the lowest since January 2024 and US stock-index futures retreated after President Donald Trump’s criticism of the Federal Reserve raised concerns over its independence.Most Read from BloombergDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusTrump Administration Takes Over New York Penn Station RevampDOGE Places Entire Staff of Federal Homelessness Agency on LeaveWhy the Best Bike Lanes Always Get BlamedNashville’s $3 Billion Transi

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Stocks, dollar slide as Trump's attacks on Fed shake markets

SINGAPORE (Reuters) -Asian equities and U.S. stock futures slid on Monday as anxiety over tariffs and criticism of the Federal Reserve by President Donald Trump shook investor confidence, pushing the dollar sharply lower and catapulting safe-haven gold to a record high. Trump launched a scathing attack against Fed Chair Jerome Powell on Thursday, with his team evaluating whether they could fire Powell, a move that would cast doubts about the central bank's independence and further erode faith in U.S. assets. "Markets are already on edge due to escalating geopolitical tensions, and now concerns are rising that Trump's potential interference with the Fed could add another layer of uncertainty," said Charu Chanana, chief investment strategist at Saxo in Singapore.

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Fidelity, Goldman find tariff haven in Asian consumer stocks

(Bloomberg) -- The global trade war is providing a boon for Asian consumer stocks, as investors take shelter in companies that cater to local buyers’ essential needs. Most Read from BloombergDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusTrump Administration Takes Over New York Penn Station RevampDOGE Places Entire Staff of Federal Homelessness Agency on LeaveTrump Signs Executive Orders on Federal Purchasing, Office SpaceNashville’s $3 Billion Transit Plan Brings a Call for

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