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.
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:
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...
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks struggle for direction as uncertainty rises around U.S.-China trade talksTrump's idiotic trade war handled like a rookie without a clue. Ah everyday News. As soon as not 25% taxes. Fine. Keep going to 2020 over
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks rise modestly as investors parse conflicting economic data and China trade headlinesStocks are rising Friday as investors attempt to shake of concerns about slowing global growth. Moves for stocks in Friday’s session come amid quadruple...
Source: MarketWatch - 🏆 3. / 97 Read more »
Global stocks rise on renewed trade hopes, set for best week since JanuaryGlobal stocks rose on Friday after a report that U.S.-China trade talks were mak... I’m sure it’s speculation based on more people buying weapons to protect themselves from terrorists. prayfornonterroristsinNZ
Source: Reuters - 🏆 2. / 97 Read more »
Asian stocks set to open lower as investors await US-China trade developmentsShares in Asia were poised to slip at the open on Monday morning as investors awaited developments on the U.S.-China trade front. That's going to be a long wait! Again!!! Where's the brain? Wait. What? We can’t go up every day on the same news? “ Kudlow/ Trump says he’s optimistic about trade”.
Source: CNBC - 🏆 12. / 72 Read more »
China stocks and yuan may have more room to rally, says strategistChina’s equities and its currency have more room to rally in the near-term as multiple securities are about to be added to global indexes or to have their weighting increase, presumably leading to capital inflows that could deliver a boost to the local market, an Oxford Economics strategist said.
Source: MarketWatch - 🏆 3. / 97 Read more »