Markets Wanted a Boost From Earnings, Fed and China Talks. How Powell Disappointed.

Group 1 - Federal Reserve Chairman Jerome Powell indicated that a rate cut in December is not guaranteed, suggesting a cautious approach to monetary policy moving forward [1] - President Trump announced a reduction in tariffs on Chinese goods, which may impact trade relations and economic conditions [1] - Microsoft and Alphabet reported earnings that exceeded market expectations, highlighting strong performance in the tech sector [1]