Ceasefire Sparks Market Rally Amid Interest Rate Speculation

Wall Street markets showed signs of optimism on Tuesday, following President Trump's announcement of a ceasefire between Israel and Iran. This development eased tensions that had affected global risk assets amidst ongoing inflation concerns stemming from the conflict.

Federal Reserve Chair Jerome Powell reiterated a cautious stance on interest rates, despite pressure from President Trump for rate cuts. This sentiment was echoed by Atlanta Fed President Raphael Bostic, while Fed Vice Chair Michelle Bowman supported policy easing come July.

Growth sectors, including technology and crypto, reflected the upbeat market trend with Tesla and Coinbase shares climbing. Investors set their sights on upcoming GDP data and Federal Reserve officials' speeches for further market cues.

(With inputs from agencies.)