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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Asia stocks set to trade mixed as investors await RBA minutesStocks in Asia were set to trade mixed on Tuesday as investors await the release of minutes from the Reserve Bank of Australia's July meeting. The People's Bank of China is also set to publish its new loan prime rates under a new mechanism.
Source: CNBC - 🏆 12. / 72 Read more »