Powell still wants the December hike and 2 more next year. Too bad his plans will be cut short with the Dow Jones hovering around 15,000 this time next year.
Almost neutral should mean stop. There is no reason to force inflation with higher interest rates. For all the tariff fearmongering adding an interest rate multiplier is the last thing to do.
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Stocks seek more gains | Fed Chair Powell speaks | Trump threatens GMStocks futures are pointing to a higher Wall Street open and a third straight day of gains for the Dow, S&P 500, and Nasdaq.
Source: CNBC - 🏆 12. / 72 Read more »
Dow rises 200 points as Wall Street awaits Fed Chair Powell's speechStocks rose on Wednesday as investors awaited a key speech from the top Federal Reserve official, while hope that a U.S.-China trade truce could come lifted sentiment on Wall Street. So is the economy booming or is it teetering on collapse? Cramer is the King of B.S., and why not, none of his money is at risk. TreadCarefully Stocks surged after Fed Chair Powell said interest rates are close to neutral, with the Dow climbing 400 points to its session high.
Source: CNBC - 🏆 12. / 72 Read more »
Instant View: Stocks sink after Fed raises rates, Powell comments on balance sheetU.S. stock markets tumbled on Wednesday, reversing a morning rally after the U.S... What's happening these days Powell says to realDonaldTrump 'YOU WANNA CALL ME NAMES AGAIN' They had no business raising the rates for the 4th time this year !!!
Source: Reuters - 🏆 2. / 97 Read more »
Powell party pooper: Here are the worst-performing stocks after the Fed wrecks the marketPowell party pooper: Here are the worst-performing stocks after the Fed announced its rate-hike decision grrr bau bau Party pooper or parent taking away car from child after reckless driving? So pathetic ! One person screws the world and working families, as layoffs are coming
Source: MarketWatch - 🏆 3. / 97 Read more »
Rally on dovish Fed fizzles out as Trump strikes tough tone on tradeA dovish tone from Fed Chairman Jerome Powell lifted world stocks to their highe... Trump just isn’t good news. He’s toxic. How does any family have and hold so much negativity & ill will for others is beyond me. What a bad choice America made. uspoli USPolitics markets business BusinessOfTruth
Source: Reuters - 🏆 2. / 97 Read more »
Asia set to trade up after remarks by Fed's Powell gave US stocks a boostFederal Reserve Chairman Jerome Powell said Wednesday that he considers the central bank's benchmark interest rate to be near a neutral level, an important distinction from remarks he made less than two months ago.
Source: CNBC - 🏆 12. / 72 Read more »
U.S. Stocks Surge on Powell Remarks, Jobs ReportU.S. stocks rose sharply, bouncing back from their worst two-day start to a year since 2000. The Dow industrials rose 3.3% in recent trading, the S&P 500 rose 3.3% and the Nasdaq Composite gained 4.2%. Stop using Wall Street as a barometer. It's a narrow slice of a very large economy. That means it will drop 600 on Monday.
Source: WSJ - 🏆 98. / 63 Read more »
Stocks surge after robust jobs report and dovish Powell remarks
Source: MarketWatch - 🏆 3. / 97 Read more »
Powell tells markets Fed is flexible and aware of risksFed's Powell says he would not resign if asked by President Trump, despite the president's criticisms against his policy decisions You go, brother! Fun Fact: Trump knows nothing about anything, he just glides through life an flips a coin. That coin has cost the U.S. taxpayers six bankruptcies we've had to cover, and he's probably a Russian spy, so let's not allow Trump to make big decisions anymore. 'NO:' one of the finest complete sentences. FoxNews GOP LindseyGrahamSC CNBC SNLUpdate
Source: Reuters - 🏆 2. / 97 Read more »
Bank Stocks Rebound Thanks to Jobs Report, Powell CommentsBattered bank stocks jumped after a strong jobs report and comments by the Federal Reserve chairman helped shift investors’ narrative about economic growth. anti-American flock does bite, soon crisis, US side ahead While Trump is out there creating Jobs and trying to protect the borders, the stupid Dems are just getting on people's nerves. Where are the Trump haters on this news?
Source: WSJ - 🏆 98. / 63 Read more »