U.S. markets were tentative on Thursday while trading on both sides of the ledger as Wall Street awaits Fed Chairman’s comments from the annual central banking symposium in Jackson Hole, Wyoming on Friday. An early session inverted yield curve caused some nervousness as algorithms triggered to create some selling pressure as the 10-year treasury yield briefly fell back below its 2-year...
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U.S. markets closed higher on a Monday for the first time in a month on hopes that the Fed's Jackson Hole Symposium will see central bankers outline further steps that can be possibly taken to support economic growth, if needed.The upcoming U.S./ China trade talks were also a source of optimism after Commerce Secretary Wilbur Ross said the U.S. will extend a major Chinese Tech company’s license...
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San Francisco Fed president says interest-rate cut was not sparked by ‘impending downturn’The U.S. economy isn’t headed for recession right now, San Francisco Fed President Mary Daly said Tuesday.“When I look at the data coming in, I see solid domestic momentum that points to a continued economic expansion,” Daly said, in written answers to questions on the Quora website.Daly said that...
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