U.S. markets traded in negative territory throughout much of Friday’s session while closing with slight losses and hovering in another tight trading range. The late day strength was an encouraging sign as the Dow and S&P made a trip into positive territory with all of the major indexes holding near-term support levels into the weekend.The major indexes also posted back-to-back weekly gains,...
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The first cut is the deepest. Clamoring for a rate cut—the first in more than a decade—by the Federal Reserve at some point this year is running hot. A survey by the Wall Street Journal earlier in the week signaled that nearly 40% of economists (paywall) polled by the publication expect the U.S. central bank to ease monetary policy next month. The chief economist Joe Davis of...
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President Donald Trump renewed his criticism of Federal Reserve Chairman Jerome Powell in a recent interview with ABC News’ George Stephanopoulos, saying the economy and stock market both could be doing much better “if we had somebody different” in charge of the central bank. The president predicted that GDP would be 1.5 percentage points higher had Powell and his fellow central bankers...
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The planned meeting between President Donald Trump and his Chinese counterpart, Xi Jinping, at the annual G20 summit remains a high-stakes "will they, won't they" game.Trump said he wanted to meet with Xi later this month as trade tensions linger. Beijing has not confirmed any meeting, according to reports. And sources told Reuters this week that expectations were low that the leaders would...
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U.S. markets showed opening strength on Tuesday before closing slightly lower following renewed tariff threats with China. President Trump continued his stance that immediate tariffs would be imposed on a further $300 billion of Chinese goods if President Xi does not attend this month’s G-20 meeting.The Nasdaq was lower by a half-point, or 0.01%, following the fist half push to of 7,910. Lower...
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