President Donald Trump has recently enacted new tariffs on imports of steel and aluminum. This decision is anticipated to affect various economic sectors and comes amid ongoing discussions regarding trade policies and their effects on domestic industries.

In a different development, the Federal Reserve Chair addressed Congress during his biannual testimony. He highlighted the importance of lawmakers exercising patience concerning potential interest rate cuts. His comments are particularly relevant as financial markets are closely watching economic indicators.

Additionally, investors are responding to the latest consumer price index data, which indicated that the annual inflation rate increased to 3% in January. This rise in inflation is expected to impact future monetary policy decisions and market sentiment as stakeholders evaluate the broader economic environment.

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