President Trump's Earnings Report Debate Could Pose Challenges For Investors
President Donald Trump has turned his attention to a long-standing Wall Street practice, reviving a debate that could reshape the flow of information.
President Donald Trump has turned his attention to a long-standing Wall Street practice, reviving a debate that could reshape the flow of information.
James Bullard, the former president of the Fed Bank of St. Louis, said he’d spoken last week with Scott Bessent about becoming central bank chair.
Investor expectations remain intact that the Federal Reserve will cut interest rates at its policy meeting on Wednesday.
A stickier inflation report isn't likely to kick the Fed off course for an interest rate cut next week, but it is likely to prevent a jumbo cut.
The Federal Reserve will cut its key interest rate by 25 basis points on September 17.
While rate cuts may support equities in the near term, several strategists caution underlying dynamics in the economy could limit the benefit.
Federal Reserve independence has once again become a lightning rod issue.