Stocks finish higher as the Fed signals possible rate cuts

Only one voting member of the Federal Open Market Committee objected to the decision to leave interest rates unchanged for now. It was St. Louis Fed President James Bullard, who recently said that a rate cut may be"warranted soon".Fed Chairman Jerome Powell said during a press conference that the central bank would look to economic data for confirmation that an interest rate cut was necessary.Powell's cautious-sounding words briefly led stocks to pare their gains.

President Donald Trump and Chinese President Xi Jinping are set to meet at the G20 meeting in Japan next week. But Powell said the Fed was"not looking at just one thing" when asked whether a trade deal could get in a the way of an anticipated cut.Nevertheless, if the Trump-Xi meeting goes poorly and economic data deteriorates over the next month, a July rate cut might be more likely, said Knightly, who is currently penciling in cuts in September and December.

Bandaids on an arterial bleed...

Nope, it is because they saw the Trump Rally response!!! MAGA!!!!

Was this on cnn? I guess they agree with it otherwise they would cut in and take it off the air lol ... CNN .. the most trusted news network that only shows news that they agree with !! Lol cnn and dnc together forever lol

But cutting rates in a “raging” economy leads to inflation right? Of course that won’t hit until a year after the cuts, after the next election so who gives a care right?

Don't do it!

YES I MADE A FOOL OUT OF U & I ENJOYD IT HA

Again..thank you President Trump!

Thanks realDonaldTrump 2020

THE I PROVED WAS ANSWERD I. WAITING FOR U TO BELIEVE IN URSELF

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks look set to drift up near records as investors await crucial Fed decisionStock-index futures were mired in muted action Wednesday as investors awaited a key decision by the Federal Reserve that could determine whether Wall Street is likely to get a highly anticipated rate cut, or cuts, this year. draghi set up the bases loaded, Powell just needs to release the dovish statement for new ATHs and the grand slam. $SPY $SPX $QQQ $IWM
Source: MarketWatch - 🏆 3. / 97 Read more »

One group of stocks has been a surefire winner when the Fed cuts interest ratesInvestors bracing themselves for lower Federal Reserve rates should think about loading up on health care stocks, history shows.
Source: CNBC - 🏆 12. / 72 Read more »

Asia stocks cautious before Fed, oil on defensiveInvestor caution ahead of the Federal Reserve's interest rate meeting cappe...
Source: Reuters - 🏆 2. / 97 Read more »

European stocks set to open mixed ahead of key Fed meetingEuropean markets pointed to a mixed open Wednesday ahead of a much-anticipated U.S. Federal Reserve decision on interest rates.
Source: CNBC - 🏆 12. / 72 Read more »

Global stocks, yields edge higher as investors brace for FedA gauge of global stock markets gained modestly on Wednesday to reach six-week h... K Bonn qdqn
Source: Reuters - 🏆 2. / 97 Read more »