Stocks start crashing: Will the Fed pivot or panic?

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 23 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Fed News

Equities,Macroeconomics

It's no longer a question of whether the Federal Reserve will cut interest rates.

It's no longer a question of whether the Federal Reserve will cut interest rates. It's a question of how soon central bankers will cut and how big they will go. Last week's ugly economic reports on manufacturing and employment helped trigger a mini-meltdown in the stock market – one that continues today. Instead of a soft landing, the economy may be careening toward recession. The Bureau of Labor Statistics reported that the U.S.

Jobs data is flashing red Ultra-liberal Senator Elizabeth Warren threw a fit on social media aimed directly at Chairman Jerome Powell. Fed Chair Powell made a serious mistake not cutting interest rates, she posted. He's been warned over and over again that waiting too long risks driving the economy into a ditch. The jobs data is flashing red, she continued. Powell needs to cancel his summer vacation and cut rates now — not wait 6 weeks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 14. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

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

US stocks jump as Fed keeps rates steady but signals closing in on first cutUS stocks jump as Fed keeps rates steady but signals closing in on first cut
Source: Investingcom - 🏆 450. / 53 Read more »

Chip stocks bolster Nasdaq, S&P 500 before Fed verdictChip stocks bolster Nasdaq, S&P 500 before Fed verdict
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks sink as BOJ, Fed meetings approach; China shares hit 6-mth lowAsian stocks sink as BOJ, Fed meetings approach; China shares hit 6-mth low
Source: Investingcom - 🏆 450. / 53 Read more »

Oil slips, Asia stocks dip ahead of Fed, BOJOil slips, Asia stocks dip ahead of Fed, BOJ
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks rebound with Fed, rate cuts in focus; China lagsAsian stocks rebound with Fed, rate cuts in focus; China lags
Source: Investingcom - 🏆 450. / 53 Read more »