Global stocks are rallying as traders see Fed comments as 'central banks to the rescue'

Asian and European equities and US futures jumped on Wednesday after the Federal Reserve hinted it might cut interest rates later this year. Fed Chairman Jerome Powell pledged to"act as appropriate" to maintain US economic growth in the face of a global trade war. The rally is"clear case of central banks to the rescue," said Jasper Lawler, head of research at London Capital Group. View Markets Insider's homepage for more stories.

Asian and European equities and US futures jumped on Wednesday after the Federal Reserve hinted it might cut interest rates later this year. Fed Chairman Jerome Powell pledged to"act as appropriate" to maintain US economic growth in the face of a global trade war. The rally is"clear case of central banks to the rescue," said Jasper Lawler, head of research at London Capital Group. View Markets Insider's homepage for more stories.

This is an 11 yr fraud and must stop.

Fed fuled rallies are great for 'traders' but not so great for 'investors'.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Asian stocks bounce on Wall Street's Fed cheer; dollar stays weakAsian shares tracked Wall Street's rally on Wednesday, after U.S. central b...
Source: Reuters - 🏆 2. / 97 Read more »

Stocks in Asia set to trade higher; Fed signals potential rate cutStocks in Asia were set to trade higher on Tuesday amid ongoing global trade tensions. The Reserve Bank of Australia is also set to announce its interest rate decision later today. Market manipulation. Shocked it’s not Trump or his admin, but Bullard is now just Trump’s mouthpiece. realDonaldTrump forced the Fed’s hand. Ppl who actually have savings get punished as rates tumble again. And EustanceHuang this title is very misleading and laughable. The Fed didn’t signal anything, Bullard just jawboned these markets higher with his personal opinion.
Source: CNBC - 🏆 12. / 72 Read more »