President Donald Trump on Saturday said in a social media post the U.S. Federal Reserve should cut rates "sooner, rather than later." Trump also criticized the head of the central bank, Jerome Powell.

Jefferies predicts a long-term downtrend for the US dollar due to economic imbalances and political risks. America's dominance in world stock indices, rising debt, and Trump's policies contribute to the dollar's potential weakening.

House Republicans recently unveiled a legislative package called The One, Big, Beautiful Bill, a phrase that President Donald Trump has used to describe what could end up being a landmark piece of legislation during his second term.

U.S. futures and global markets slumped Friday after President Donald Trump posted a pair of tariff threats on social media, one aimed at Apple and the other at the European Union.