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External headlines: Powell reiterated to Congress that the Federal Reserve is not in a hurry to lower interest rates. Intel surged, and the Ford CEO stated that the USA's tariff policy has caused "chaos" in the Autos industry.
The main headlines that Global financial media focused on last night and this morning include: Powell reiterated to Congress that the Federal Reserve is not in a hurry to lower interest rates and that inflation expectations remain quite stable. Federal Reserve Chairman Powell stated that the central bank does not need to rush to adjust interest rates, further implying that officials will remain patient regarding interest rate cuts. During his testimony before the Senate Banking Committee on Tuesday, Powell said, "Given that our policy stance is significantly less restrictive than before and the economy remains strong, we do not need to rush to adjust our policy stance." He added, "We know that weakening policy restrictions too quickly or too much could hinder progress in combating inflation."
Ford's CEO stated that Trump's tariff policy has caused "chaos" in the Auto Industry.
Ford Motor Company CEO Jim Farley stated on Tuesday that Trump's tariffs—whether already implemented or just threatened—have caused "chaos" in America's Car-Mart. The CEO of the second-largest auto manufacturer in America mentioned that imposing a 25% tariff on imported Steel and Aluminum, along with threatening to impose the same 25% tariff on imports from Mexico and Canada, will "increase costs significantly and create great chaos" in the auto industry. Farley remarked at the Wolfe Research investment conference on Tuesday: "This is what we are currently dealing with."
Trump's tariffs have left car companies complaining, while most large Technology companies have chosen to remain silent.
① Large Technology companies maintain silence on Trump's tariffs, without public response or indication of countermeasures; ② Analysis suggests companies may need time to feel the impact of tariffs, may wait for policy changes, or may want to avoid Trump's anger; ③ Auto Manufacturers are outspoken, stating that tariffs hinder free trade, slow innovation, and are detrimental to customers.
America's Car-Mart, Inc. Schedules Third Quarter Fiscal Year 2025 Results and Conference Call
ArcelorMittal SA plans to invest 0.9 billion USD to build a new Steel plant in the USA to meet the demand of the Autos Industry.
ArcelorMittal announced on Thursday that it will build a state-of-the-art Steel manufacturing plant in Calvert, Alabama, to increase capacity and meet the demands of America's Car-Mart. The world's second-largest Steel manufacturer stated that the plant will be able to produce up to 150,000 tons of high-quality non-grain oriented electrical steel (NOES) annually, primarily for the production of large Autos, full-size pickups, and SUVs. The company noted that demand for high-end NOES is growing in the United States, while domestic supply is limited, which should support a premium for the NOES produced at the new plant.
America's Car-Mart, Inc. Completes $200 Million Term Securitization
Shareholders Can't Ignore US$8.3m Of Sales By America's Car-Mart Insiders
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