Stocks ended the past week with losses, as trade-related headlines caused big swings in the market. The Dow ended the week with a 0.7% loss to 25,764 in its fourth negative week. The S&P 500 fell for a second week, losing 0.8% to 2,859. The Nasdaq lost even more, 1.2% for the week, after U.S. action against China's Huawei depressed U.S. tech names that do business in China.between the U.S. and China appear to have stalled, and there have been no discussions on scheduling a new round.
Boockvar, like others, had been looking for a trade deal earlier in the month, but there has been no sign of positive movements, and the crackdown on Huawei raised concerns about China retaliating against U.S. companies. The market this week began pricing in more than one Fed rate cut for this year, as traders in fed funds futures reacted to some weaker economic data.
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Fed's Kaplan says interest rates are about where they should beDallas Federal Reserve Bank President Robert Kaplan on Monday said that the Fed ... I'll bet Kaplan doesn't have a mortgage and crushing student loan either.
Source: Reuters - 🏆 2. / 97 Read more »
Fed officials see risks in weaker inflation expectations, trade rowA drop in the consumer outlook for inflation and intensifying trade tensions dre... Fed officials see risks in weaker inflation expectations Fed officials see risks in weaker inflation expectations The economy is a complete shit show. Trump actually thinks China pays the tariffs on these $200B in goods. When in fact it's the AMERICAN businesses who import the $200B of Chinese goods that will pay them, who then in turn will pass them on to the AMERICAN consumers who buy their goods. Inflation is coming if this trade war is going to go on. Wages won’t keep up
Source: Reuters - 🏆 2. / 97 Read more »
Trump could get his Fed rate cut after all, but not for the right reasonsAs the trade war heats up, the potential for the Federal Reserve to cut interest rates is rising. We need all tools to fight China. Loser build it in America. Pay more hire Americans. federalreserve Hah! Where are we in the market dependence index? L-O-L. 16X next year's earnings isn't a long term issue. It's 'transient' I know word search is how they TRADE, it's not an investment strategy. Priced in a 70% chance rate cut by December? You scumbags. Convexity is a beautiful thing. $vglt
Source: CNBC - 🏆 12. / 72 Read more »
Tariff tumult boosts view that Fed may cut U.S. ratesU.S. President Donald Trump's decision to jack up tariffs on goods from Chi... How does this not benefit Trump, et al? Fed may cut U.S. rates? Rates are too high & money's too tight in relation to the undervalued Chinese yuan. We've got a currency war to fight. Sooner or later, we'll have to cut loose with some money to get around that Chinese naval blockade. Everybody likes a cut in rates.But Trump is getting money the HARD WAY. There have to be taxes to fix infrastructure. Trump is going to make sure we PAY into a RECESSION! Trump will start a recession and a new President will be blamed!!! Just you watch!!!
Source: Reuters - 🏆 2. / 97 Read more »
White House Considers Economist Judy Shelton for Fed BoardShelton has been contacted by the White House regarding the position, according to two people familiar with the matter who described the outreach on condition of anonymity. Trump has named four people for the two open seats on the board of governors. WHITE HOUSE OUGHT TO SHUT DOWN THE 👿 EVIL CRIMINAL BANKSTER CARTEL FEDERAL RESERVE THAT HAS BEEN COLLUDING WITH CONGRESS SINCE 1913 LOOTING OUR TREASURY $22 TRILLION DEFICIT $250 TRILLION UNFUNDED LIABILITIES $500 BILLION YEAR INTEREST PAYMENTS TO THIS CRIMINAL THEFT CABAL
Source: YahooNews - 🏆 380. / 59 Read more »
One-Third of Middle Class Can’t Afford $400 Surprise Expense, Fed FindsWhile economic security improved “marginally,” many U.S. citizens were still in a position of “financial fragility,” Federal Reserve governor Lael Brainard said of findings in a survey the central bank is expected to release later this month. When the unemployment rate is low and corporate profits are booming, there are still a lot of kids who can't afford lunch money at school, something is likely wrong. One-Third of Middle Class Can’t Afford $400 Surprise Expense, Fed Finds That's not middle class or it needs a redefinition. Majority of Americans are either poor, live on government welfare and live hand to mouth and have a huge amount of personal debt, not counting Federal Government debt which is about $70,000/person.
Source: WSJ - 🏆 98. / 63 Read more »
Fed wants to better understand public's views on inflation, jobs: RosengrenThe Federal Reserve is working to better understand how the general public weigh... That's kind of an odd thing for him to say if that's what he was hired for. Someone actually cares about our views? I'm calling bullshit on this one. No one cares about our views on this as long as we keep servicing our debt and paying taxes.
Source: Reuters - 🏆 2. / 97 Read more »
'We could talk ourselves into a recession,' one fed official saysIncreasingly, economy watchers wonder whether uncertainty and pessimism — captured in a number of regularly released surveys that tend to be grouped under the term 'sentiment' — might be driving economic performance more than before You guys certainly could. Mostly the money in every nation is only scraps of paper with markings on them and metal washers. 31:15 seconds 🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂
Source: CNN - 🏆 4. / 95 Read more »
Fed needs to let inflation rise above 2%, Kashkari saysLow U.S. inflation expectations are sapping the Federal Reserve's ability t... why? Maybe the Fed should start taunting Trump to add more tariffs? do these goons every buy anything ? it's way above that ! plus, the things they measure are NOT justifiable.
Source: Reuters - 🏆 2. / 97 Read more »