A flurry of Fed speakers and any new trade developments could shake up what normally might be a slow week of trading ahead of the three-day Memorial Day holiday weekend.
Stocks ended the past week with losses, as trade-related headlines caused big swings in the market. The Dow ended the week with a 0.7% loss to 25,764 in its fourth negative week. The S&P 500 fell for a second week, losing 0.8% to 2,859. The Nasdaq lost even more, 1.2% for the week, after U.S. action against China's Huawei depressed U.S. tech names that do business in China.between the U.S. and China appear to have stalled, and there have been no discussions on scheduling a new round.
Boockvar, like others, had been looking for a trade deal earlier in the month, but there has been no sign of positive movements, and the crackdown on Huawei raised concerns about China retaliating against U.S. companies. The market this week began pricing in more than one Fed rate cut for this year, as traders in fed funds futures reacted to some weaker economic data.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Fed's Kaplan says interest rates are about where they should beDallas Federal Reserve Bank President Robert Kaplan on Monday said that the Fed ...
Lire la suite »
Fed officials see risks in weaker inflation expectations, trade rowA drop in the consumer outlook for inflation and intensifying trade tensions dre...
Lire la suite »
Trump could get his Fed rate cut after all, but not for the right reasonsAs the trade war heats up, the potential for the Federal Reserve to cut interest rates is rising.
Lire la suite »
Tariff tumult boosts view that Fed may cut U.S. ratesU.S. President Donald Trump's decision to jack up tariffs on goods from Chi...
Lire la suite »
White House Considers Economist Judy Shelton for Fed BoardShelton has been contacted by the White House regarding the position, according to two people familiar with the matter who described the outreach on condition of anonymity. Trump has named four people for the two open seats on the board of governors.
Lire la suite »
One-Third of Middle Class Can’t Afford $400 Surprise Expense, Fed FindsWhile economic security improved “marginally,” many U.S. citizens were still in a position of “financial fragility,” Federal Reserve governor Lael Brainard said of findings in a survey the central bank is expected to release later this month.
Lire la suite »
Fed wants to better understand public's views on inflation, jobs: RosengrenThe Federal Reserve is working to better understand how the general public weigh...
Lire la suite »
'We could talk ourselves into a recession,' one fed official saysIncreasingly, economy watchers wonder whether uncertainty and pessimism — captured in a number of regularly released surveys that tend to be grouped under the term 'sentiment' — might be driving economic performance more than before
Lire la suite »
Fed needs to let inflation rise above 2%, Kashkari saysLow U.S. inflation expectations are sapping the Federal Reserve's ability t...
Lire la suite »