Investors are also eagerly awaiting Federal Reserve Chairman Jerome Powell's speech in Jackson Hole on Friday, as they search for direction about the future of US monetary policy.Stocks finished mixed, with only the Dow eking out a gain. The index closed up 0.2%, or 50 points, after swinging nearly 300 points from positive into negative, then back. The S&P 500 and Nasdaq Composite closed down 0.1% and 0.4%, respectively.
The minutes of the Fed's July meeting showed that the Fed saw the July rate cut as an adjustment and wants to keep its options open for future rate cuts. The July rate cut was the first since 2008. Powell is due to speak at 10 a.m. ET on Friday.So far, expectations for a September rate cut are still at roughly 94%, down from 98% on Wednesday.
Boris_Sanchez I guess the Russia and racists stories didn’t work, so now the narrative is recession. Ha
Boris_Sanchez THERE PLAYING YOU'LL AS THAT EVIL GROUP AND THAT EVIL DUDE BEEN FALSIFYING MANY THINGS AS WELL AS PUTTING MONEY IN MOVE MENTS IN MANY WAYS TO MAKE IT SEEM AS THE ECONOMY GROWING HOW YOU'LL FEEL TO BE PLAYED YOU'LL SHOULD BE MADDER THAN F DAM RIGHT
Boris_Sanchez It's an indicator of a potential near-future recession.
Boris_Sanchez Let’s move on now to a recession I guess you agree with Bill Maher destroy the American worker so a democrat can win and become another million there
Boris_Sanchez
Boris_Sanchez Without shame the media is interested in subliminally spreading around the word 'recession' as a fear mongering tool. Before now they completely ignored the positive market and job reporting all together.
Boris_Sanchez I miss the good days...
Boris_Sanchez
Boris_Sanchez Yes, the economy is doing really well even though a major indicator has surfaced. Other indicators of economic strength like Purchasing Index, consumer confidence, housing starts and payroll are all in good shape. See that’s how to report objectively.
Boris_Sanchez For the LOVE! The yield curve isn’t a true recession indicator. dumbnews
Boris_Sanchez
Boris_Sanchez The economy is doing AMAZING, look at the info. You are look at INDICATORS of POSSIBLE forecasts It is REALLY GROSS how BAD Democrat media push for a recession. THEY ARE LOVING the possibility, because even though it would hurt america, it could be used against TRUMP. SICK
Boris_Sanchez Liberals are the only Americans actually salivating at the thought of a bad economy. 🤔It’s mind blowing. But I guess if your sole intention is to bring about social, racial, and economic collapse in order to gain power, it kinda makes sense. 🤷♂️
Boris_Sanchez Why are you repeating his nonsense knowing that he constantly lies and exaggerates facts when it benefits him?
Boris_Sanchez You just want to call panic in the country when you know it’s not true.
Boris_Sanchez Since last Wednesday, oh no. Quick, conference call, gotta get all our drones to go with this pronto! FakeNewsMedia
Boris_Sanchez doing really well Swiss Quality:
Boris_Sanchez if you’re worried about a recession I’ll try to help you overcome doubt
Boris_Sanchez Stop wishing recession on working class Americans because it is better for your ratings and your candidates. Be pro America for once, couldn’t you
Boris_Sanchez Yield Curve 😂😂😂😂😂😂😂
Boris_Sanchez The yield curve has been on a downward trend for close to 5 years. So were you lying about a good economy during the last president? Why the big deal now
Boris_Sanchez Ha ha. 🙄
Boris_Sanchez
Boris_Sanchez
Boris_Sanchez It's doing so well that he's calling on the Fed to further cut rates and he wants additional tax cuts to stimulate the economy. Makes total sense.
Boris_Sanchez Lies and deception of The Donald.
Boris_Sanchez Why are losers kicking and screaming being dragged into a greater America..? Trump in 2020 ...
Boris_Sanchez And what would you expect from the Clown New Network CNN!
Boris_Sanchez CNN continues to root for recession. Shameful.
Boris_Sanchez He doesn't, and will never, understand what a 'yield curve' is.
Boris_Sanchez
Boris_Sanchez Indicators like those that said Hillary would win by a landslide? Those indicators, I.E.poles that were guaranteed to have Hillary as the winner. Those polls? Those indicators? You’re, um, trustworthy indeed… LOL
Boris_Sanchez Trump just said he 'doesn't see a recession'. But Trump is wrong about pretty much everything.
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Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »