Fed Chair Jerome Powell said in a speech on Wednesday that he was worried that the central bank might be caught in a dilemma of controlling inflation and supporting economic growth.

Following the speech, US stocks' decline widened, with the DJIA last dropping 600 points or 1.5%.The Nasdaq shed 544 points or 3.2%. Of which, Nvidia (NVDA.US) dipped nearly 9%, while Tesla (TSLA.US) also cratered about 5%.

It is expected that inflation will rise and economic growth will fall due to increased uncertainties about the impact from US President Donald Trump's tariffs, but it is unclear where the Fed will need to pay more attention, Powell added.

Powell did not reveal his views on the direction of interest rates, but noted that it would be best to wait for a clearer picture of the situation before considering any adjustments to the Fed's policy stance.
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AAStocks Financial News
Web Site: www.aastocks.com

SG Top Picks
Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
Nvidia (C)	10573	150 (-)	0.084	5.1 X
Nvidia (C)	10615	135 (-)	0.162	4.0 X
Nvidia (P)	10538	116 (-)	0.295	2.9 X
Nvidia (P)	10581	95 (-)	0.191	2.7 X
TSLA (C)	10591	300 (-)	0.455	3.7 X
TSLA (P)	10468	250 (-)	0.455	3.9 X
TSLA (P)	10604	190 (-)	0.345	2.4 X