Forbes

After Fed-Related Sell-Off, Stocks Show Signs of Life On Strong Earnings

After Fed-Related Sell-Off, Stocks Show Signs of Life On Strong Earnings

The market showed yesterday how it reacts when investors don’t get what they want. Fed Chairman Jerome Powell didn’t promise a string of rate cuts, so stocks fell. However, his reluctance to promise this is the start of a new rate-cut cycle could signal his confidence in the U.S. economy.

Source: Forbes – Markets
Date: August 1, 2019, 23:55