Stocks pull back as investors anxiously await signals on the Fed's next move

Major US indexes dipped lower on Tuesday as investors awaited a signal on the direction of interest rates from Federal Reserve Chairman Jerome Powell. Powell is scheduled to speak later this week at the Jackson Hole Symposium, and investors are speculating he may suggest more interest rate cuts will come this year. President Trump reiterated that he believes the Fed should lower rates by 100 basis points"over time" while speaking to reporters at the White House on Tuesday.

Major US indexes dipped lower on Tuesday as investors awaited a signal on the direction of interest rates from Federal Reserve Chairman Jerome Powell. Powell is scheduled to speak later this week at the Jackson Hole Symposium, and investors are speculating he may suggest more interest rate cuts will come this year. President Trump reiterated that he believes the Fed should lower rates by 100 basis points"over time" while speaking to reporters at the White House on Tuesday.

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Source: CNBC - 🏆 12. / 72 Read more »