U.S. markets opened in negative territory as Wall Street awaited the semi-annual testimony from Fed Chair Powell and his comments before the Senate Banking committee. There was little reaction from the market as the major indexes got a lift ahead of the event on a super Consumer Confidence number. The choppy action afterwards lasted into the closing bell with the market giving back its...
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The U.S. economy will grow at a solid though slower pace in 2019 and the Federal Reserve will remain "patient" in deciding whether to further raise interest rates, Fed Chairman Jerome Powell said on Tuesday.Powell reaffirmed the policy shift made by the U.S. central bank last month, telling a Senate Banking Committee hearing that "crosscurrents and conflicting signals" had weakened the case for...
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Continue reading >>U.S. markets showed strength throughout Monday’s action following confirmation President Trump will extend the March 1st tariff deadline. The President also cited substantial progress on key issues was made following U.S./ China trade talks that also helped market enthusiasm. The gains propelled the major indexes toward prior resistance levels from mid-October with support levels from...
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