[Powell: A 25 Basis Point Rate Cut May Have Little Impact on Housing Affordability] Federal Reserve Chairman Powell stated that a 25 basis point rate cut by the Federal Reserve may have little impact on housing affordability.

[Spot Gold Surpasses $4,230/oz] Spot gold surpasses $4,230/oz, up 0.52% on the day.

[Powell: Tariffs Are the Main Reason for Inflation Exceeding Expectations] Federal Reserve Chairman Powell stated that the main reason for inflation exceeding expectations is tariffs.

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