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Stocks Mixed Amid Dovish Fed Turn, Trade Angst: Markets Wrap
The S&P 500 retreated from session highs as speculation that President Donald Trump won’t be able to tamp down his trade spat with China at the G-20 meeting weighed on sentiment. Banks declined as the 10-year Treasury yield held near its lowest level since September as the minutes signaled the Fed is preparing for a more flexible path. “Again, the Fed raises the possibility of a 2019 pause,” Chris Low, chief economist at FTN Financial, said in a note to clients.
https://finance.yahoo.com/news/stocks-gain-dollar-drops-powell-215326369.html?.tsrc=rss
The S&P 500 retreated from session highs as speculation that President Donald Trump won’t be able to tamp down his trade spat with China at the G-20 meeting weighed on sentiment. Banks declined as the 10-year Treasury yield held near its lowest level since September as the minutes signaled the Fed is preparing for a more flexible path. “Again, the Fed raises the possibility of a 2019 pause,” Chris Low, chief economist at FTN Financial, said in a note to clients.
https://finance.yahoo.com/news/stocks-gain-dollar-drops-powell-215326369.html?.tsrc=rss
