another in a line of memorable quotes from Powell since last October that have left Wall Street in head-scratching mode. In this case, the market took his statement as a possible one-and-done indicator for cuts ahead.
Changing the narrative to one where the Fed remains open to future cuts even though Powell also may indicate that he doesn't see recession risk on track could be key to calming a highly volatile market atmosphere. Indeed, a day after the Fed meeting, markets were in recovery mode, making up most of the previous day's losses. Then, the afternoon of Aug. 1, President Donald Trump announcedThe unpredictability of the trade war, coupled with low inflation and a slowing global economy, make the Fed's position especially precarious.
In fact, they see a chance that the Fed gets even more aggressive should the economic warnings signs become more foreboding.
How many outright gifts do the 10% need to be satisfied? We all know the answer . When unions said - “ not enough of a raise “. They where labeled -commies - Un- American. But you greedy bastards - a fair return on investment- is never enough. Not a patriot amongst you.
Wake me when the Fed closes. For good.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump complains again about Fed Chair Powell, says he lacks 'vision'President Donald Trump on Monday criticized Fed Chairman Jerome Powell ahead of the central banker's highly anticipated speech later this week. In a series... My opinion: Why? Every 10 yrs we have some type of a recession? Money! The FRB manipulates currency through interest rates. When the economy is good stocks are high. Selling stocks isn't profitable. A sell off, creating a recession is good for Wall Street. Sell high, But low. So funny how Trump complained about interest rates going higher about 1 year ago- And Guess what he was 110% correct as usual and media and experts were 100% wrong as usual
Source: MarketWatch - 🏆 3. / 97 Read more »
Fed Chair Jerome Powell is giving a speech this week, and traders will be listening closely for any hints of further interest-rate cutsThe Federal Reserve trimmed interest rates for the first time in a decade last month, and traders are hungry for more cuts.
Source: BusinessInsider - 🏆 729. / 51 Read more »
I'm 30, Make $78,810 A Year—& I Cut 3 Years Off My Mortgage'4 p.m. — Our office's summer party is tonight, so I take a Lyft to the venue with some coworkers. The restaurant is super-cute and has a beautiful patio. It's still brutally hot, so I order a glass of white wine and sit in the shade.'
Source: Refinery29 - 🏆 26. / 68 Read more »
Trump complains again about Fed Chair Powell, says he lacks 'vision'President Donald Trump on Monday criticized Fed Chairman Jerome Powell ahead of the central banker's highly anticipated speech later this week. In a series... My opinion: Why? Every 10 yrs we have some type of a recession? Money! The FRB manipulates currency through interest rates. When the economy is good stocks are high. Selling stocks isn't profitable. A sell off, creating a recession is good for Wall Street. Sell high, But low. So funny how Trump complained about interest rates going higher about 1 year ago- And Guess what he was 110% correct as usual and media and experts were 100% wrong as usual
Source: MarketWatch - 🏆 3. / 97 Read more »
Mark Halperin Is Getting a 'Second Chance' Much Sooner Than Expectedtrashhalperin
Source: Jezebel - 🏆 153. / 63 Read more »
Yep. Said this AM two 67's would do the trick. Looks like he has half a PB & Nanner Sammich! Justin Thomas shot a 61 today! 11 under! All entertainment Tiger has given over the years, should never ever have to qualify 🥵🥵🥵
Source: USATODAY - 🏆 100. / 63 Read more »