Trump keeps up push for Powell, Fed to lower rates
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Fed, Stock Futures and EU trade deal
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Under normal circumstances, a pair of dissents in favor of a rate cut would be taken as a sign the Fed is taking a dovish turn, Tom Essaye, editor of Sevens Report Research, wrote in a Tuesday note. It would be signal that policymakers are moving in favor of easing, making a reduction at the next meeting a more likely event.
The Federal Reserve kicks off its July meeting on Tuesday, with Fed Chair Jerome Powell set to speak on Wednesday and deliver the central bank's latest interest rate decision. Markets are largely expecting the Fed to hold rates steady,
U.S. stocks closed lower on Tuesday as the S&P 500 and Nasdaq retreated from record highs after some disappointing corporate earnings, while investors awaited a Federal Reserve policy statement.
Jerome Powell has been President Trump’s No. 1 target as Trump demands lower interest rates, but other policymakers are also part of each rate decision.
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With gold prices high and a new Fed meeting slated for this week, here's what investors should be considering now.
The S&P 500 and the Nasdaq retreated from record highs on Tuesday as some corporate earnings disappointed, as investors waded through the latest round of economic data ahead of a Federal Reserve policy statement.
On today's episode of CNBC Crypto World, bitcoin and ether fall ahead of the Federal Reserve's decision on rates. Plus, Kraken's Thomas Perfumo breaks down the crypto exchange's new OTC report and what we can expect for major cryptocurrencies in the months to come.