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Wall Street dips on trade tensions, hopes of rate cut limit losses
Fresh worries erupted on the trade front after President Donald Trump said he was holding up a deal with China and had no interest in moving ahead unless Beijing agrees to four or five major points. Hopes that the Federal Reserve will act to counter a slowing global economy due to escalating trade war have spurred a rally in stocks this month, with the S&P 500 index up about 5% so far in June. Fed policymakers will meet on June 18-19 and markets have priced in at least two rate cuts by the end of 2019.
https://finance.yahoo.com/news/wall-street-dips-trade-tensions-142345539.html?.tsrc=rss
Fresh worries erupted on the trade front after President Donald Trump said he was holding up a deal with China and had no interest in moving ahead unless Beijing agrees to four or five major points. Hopes that the Federal Reserve will act to counter a slowing global economy due to escalating trade war have spurred a rally in stocks this month, with the S&P 500 index up about 5% so far in June. Fed policymakers will meet on June 18-19 and markets have priced in at least two rate cuts by the end of 2019.
https://finance.yahoo.com/news/wall-street-dips-trade-tensions-142345539.html?.tsrc=rss
