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US stock futures wobble and greenback slides as Trump-Fed feud grows
Business World Philippines
|January 13, 2026
THE dollar slipped and US equity futures eased on Monday after US Federal Reserve Chair Jerome H. Powell said the Trump administration threatened him with a criminal indictment, stoking worries about the central bank’s independence.
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S&P 500 futures were down 0.5% and gold hit another record high in the immediate reaction to the escalation of the tussle between US President Donald J. ‘Trump and the Fed.
‘The Swiss franc strengthened 0.4% to 0.7979 per dollar and the euro was 0.17% firmer at $1.1656. Traders said the news was unsettling, though the immediate implication for interest rates was not clear.
Fed funds futures have added in about three basis points more in cuts this year, which is small but points to the risk that the Fed gets pushed into being more aggressive.
Dit verhaal komt uit de January 13, 2026-editie van Business World Philippines.
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