Fed Watch. U.S. stocks opened higher on Tuesday, but faltered in the afternoon on news that China might be backing away from trade promises. All three major indexes closed almost flat.
The central bank will likely hold steady on pausing rate hikes this week. But beyond that, it’s also set to discuss inflation target, balance-sheet normalization, and to update the “dot plot”–the rate projections of Federal Open Market Committee members. The usefulness of a dot plot is in question. Last November, the Fed said it would spend the better part of this year reviewing its “strategies, tools, and communication practices.” Some analysts suggest the dot plot might be something that should get scrapped. In a recent speech, Powell called the dot plot “a source of confusion” and warned that “if you are too focused on a few dots, you may miss the larger picture.
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This is not a negotiation is a soap opera! China have not given an inch from day 1, all lies to manipulate Markets, now China have all this 🤡 clowns by their tails! Mr.Glitch larry_kudlow The king of debt 👑realDonaldTrump The manipulator stevenmnuchin1
well, thats moaning on a very high level...
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