Trump’s 'Too Late' jibe at Powell runs into inflation reality

President Donald Trump said rising inflation tied to the Iran conflict has made the outlook for U.S. interest-rate cuts more complicated, undercutting expectations for near-term easing despite his long-standing push for lower borrowing costs and repeated criticism of Fed Chair Jerome Powell. That dynamic raises the prospect of higher-for-longer rates, a headwind for equities, particularly the S&P 500, as investors reassess timing of Federal Reserve easing. The comments are market commentary highlighting geopolitical-driven inflation risk and its potential to delay policy relief, which may weigh on risk assets until inflation data or Fed guidance clears the picture.