Trump's tariffs, Fed minutes, Rumble's Bitcoin buy - what's moving markets
Investing.com -- Wall Street is seen slipping slightly lower Tuesday after Donald Trump brought up the potential for more stringent trade tariffs in January as he enters the White House. Investors will also be studying the minutes from the last Fed meeting, while1. Trump threatens to impose tariffs straight away
UBS also expects that China will respond to tariffs with targeted retaliatory measures and increased non-US trade partnerships, mitigating the overall economic fallout.US stock futures edged lower Tuesday, handing back some of the previous session’s gains with risk sentiment hit by President-elect Donald Trump’s commitment to significant trade tariffs.
Citi said positioning for the S&P 500 was solely one-sided, with long notional positions at well over $100 billion, and warned that an excess of long positions made the risk of a pullback more acute. Citi noted that while the economic data presented a positive picture of the economy, the brokerage said investors were still in a “waiting mode” to see what policies the Trump administration will bring.Away from all things Trump, investors are looking for guidance about the likely path of the Federal Reserve’s monetary policy as the year comes to an end and then into 2025.
"It's still a reasonable consideration," Kashkari said in a Bloomberg TV interview."Right now, knowing what I know today, still considering a 25-basis-point cut in December - it's a reasonable debate for us to have."fell on Tuesday, retreating further from all-time highs as risk appetite was rattled by President-elect Donald Trump threatening more trade tariffs on China and other countries.
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