Stocks Rise As Powell's Remarks Cool Rate Fears: What's Moving Markets Monday?

U.S. equity markets bounced off seven-month lows on Monday, with major indices broadly higher by midday as President Donald Trump disclosed active negotiations with a “new and more reasonable” Iranian regime while Fed Chair Jerome Powell downplayed the need for imminent rate hikes.
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Powell reinforced the cautiously optimistic mood at Harvard University on Monday, where he said President Trump’s tariffs represented a “one-time price bump” and that the central bank has limited ability to offset supply shocks like war-driven energy surges.
“Inflation expectations appear to be well-anchored,” Powell said.
Markets interpreted Powell’s remarks as modestly dovish: the implied probability of a Fed rate hike in 2026 dro