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

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