NewsFeeder
Headline News
- Reaction score
- 3
Wall Street set to bounce from sell-off, Fed in focus
While investors have baked in a fourth rate hike for the year on Wednesday, turbulence in the stock markets and a host of other worries have fueled calls, including from President Donald Trump, for the Fed to pause its tightening cycle or risk harming the U.S. economy. JPMorgan Chase & Co (JPM.N) Citigroup Inc (C.N), Goldman Sachs Group Inc (GS.N) and Bank of America Corp (BAC.N) rose about 1 percent. "There is a lack of confidence in any upward move and we need something tangible to bring confidence into the market," said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey.
https://finance.yahoo.com/news/futures-climb-heading-fed-meeting-123244007.html?.tsrc=rss
While investors have baked in a fourth rate hike for the year on Wednesday, turbulence in the stock markets and a host of other worries have fueled calls, including from President Donald Trump, for the Fed to pause its tightening cycle or risk harming the U.S. economy. JPMorgan Chase & Co (JPM.N) Citigroup Inc (C.N), Goldman Sachs Group Inc (GS.N) and Bank of America Corp (BAC.N) rose about 1 percent. "There is a lack of confidence in any upward move and we need something tangible to bring confidence into the market," said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey.
https://finance.yahoo.com/news/futures-climb-heading-fed-meeting-123244007.html?.tsrc=rss
