Fed Chair Jerome Powell is scheduled to speak on Friday at the Jackson Hole, Wyoming, central bankers’ conference. Several market strategists said Powell’s comments at the conclave would offer greater insight on the course of monetary policy than the minutes from the July Fed meeting given developments since then, including U.S. President Donald Trump’s announcement of tariffs on an additional $300 billion worth of Chinese goods.
On Wednesday, the nonpartisan Congressional Budget Office said changes in U.S. and foreign trade policies since January 2018 would reduce inflation-adjusted U.S. gross domestic product by 0.3% from what it would be otherwise by 2020. FILE PHOTO: Traders work on the floor at the New York Stock Exchange in New York, U.S., August 14, 2019. REUTERS/Eduardo Munoz
The S&P 500 posted 31 new 52-week highs and five new lows; the Nasdaq Composite recorded 59 new highs and 67 new lows.
People are going to Lowe's because they are doing things for themselves, and shopping at Target because they can no longer afford Macy's, Lord and Taylor, Dillard's.
And the democrats cried.. they are praying for a recession as they hate America
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.
Target, Lowe's results boost Wall Street; stocks hold gains after Fed minutesWall Street's main indexes rose on Wednesday as upbeat earnings from retail...
Source: Reuters - 🏆 2. / 97 Read more »
Target, Lowe's earnings push Wall Street higherU.S. stocks rose broadly on Wednesday following upbeat retail earnings from Lowe... so that American Family Association boycott of Target just isnt having the effect they had hoped lol
Source: Reuters - 🏆 2. / 97 Read more »
Target shares open at record after blowing out Wall Street estimates for the second quarterTarget shares opened at record high after the retailer beat second-quarter earnings expectations and boosted its full-year estimates. They did leave Canada This is the end result of a CEO doing his job and making adjustments in the Tactical decision-making under the Strategic plan... We work hard at Target 🎯
Source: CNBC - 🏆 12. / 72 Read more »
FDIC approves tweak of Volcker Rule, easing trading regulations for Wall Street banksThe FDIC on Tuesday voted to approve a five-agency revision of the post-crisis regulation known as the Volcker Rule. Great news. The markets need the liquidity Wow ... Wall St greed is bottomless and frightening. We need President Warren. worrisome
Source: CNBC - 🏆 12. / 72 Read more »
U.S. regulators hand Wall Street a major win with stripped-down 'Volcker Rule'U.S. banking regulators on Tuesday approved changes easing a rule introduced aft... Hard to call them 'regulators' with a straight face Yeah keep manipulating the market. Getting ready for: Wall Street Bailout 2: The Next Fuckeroo
Source: Reuters - 🏆 2. / 97 Read more »
Asian stocks follow Wall Street lower before US Fed releaseEquities fell in Asia as investors took a step back after recent gains, with the focus now turning to a key speech by Federal Reserve boss Jerome Powell at the end of the week.
Source: trtworld - 🏆 101. / 63 Read more »