Wednesday belongs to Federal Reserve Chair Jerome Powell.
The Fed's latest rate decision will post at 2:00 p.m. ET, followed by a press conference.
Investors are looking for Powell to deliver a solidly dovish message, following his remarks two weeks ago that the Fed would act as appropriate to sustain the economic expansion in the United States.
That triggered a stock rally, and now markets want additional details. Expectations for a rate cut in July are now at nearly 84%, according to the CME's FedWatch tool.
The president has repeatedly bashed Powell — his pick to lead the US central bank — because the Fed raised interest rates last year just as Republicans were goosing the economy with tax cuts.
On Tuesday, Trump even declined to rule out demoting Powell, instead saying that he would watch the chairman closely. Investors are watching, too.
https://www.cnn.com/business/live-news/stock-market-news-today-061919/index.html
2019-06-19 12:10:00Z
CBMiUGh0dHBzOi8vd3d3LmNubi5jb20vYnVzaW5lc3MvbGl2ZS1uZXdzL3N0b2NrLW1hcmtldC1uZXdzLXRvZGF5LTA2MTkxOS9pbmRleC5odG1s0gEA
Bagikan Berita Ini
0 Response to "Stock market today: Latest news - CNN"
Post a Comment