Wall St Futures Drop as Trump Administration’s Fed Pressure and Financial Sector Weakness Unsettle Markets

U.S. stock futures were trading lower Monday as investors reacted to renewed political pressure on the Federal Reserve and a fresh proposal that rattled financial stocks ahead of the opening bell. Futures tied to the Dow Jones, S&P 500 and Nasdaq were all down, reflecting heightened market unease. The sell‑off came after the Trump administration escalated criticism of the Fed, including threatening to pursue legal action against Fed Chair Jerome Powell — a move Powell called a politically motivated attempt to influence interest rate policy and raised concerns about the central bank’s independence. Financial shares were particularly hard hit after President Trump proposed a one‑year cap on credit card interest rates at 10%, a policy shift that could significantly impact bank revenues. Major banks and credit card issuers including Citigroup, JPMorgan Chase, Bank of America and American Express saw steep premarket losses. Amid the uncertainty, investors are now awaiting key economic data, notably Tuesday’s U.S. consumer price inflation report, to gauge future Federal Reserve policy. Meanwhile, gold prices climbed to multi‑year highs, boosting gold mining stocks as traders sought safe havens amidst the volatility. Other corporate news saw Walmart rise on its upcoming inclusion in the Nasdaq‑100 index, while insurers and energy firms saw mixed performance. #WallStreet #FederalReserve #FinancialStocks #MarketVolatility #SlimScan #GrowthStocks #CANSLIM