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COMING UP:Share Opener Variant 3

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Transcript

00:00:00
Wall Street believes the case for the federal reserve's next move to be a rate cut is getting stronger by the day investors on Tuesday increasingly betting the fed will lower its key interest rate as early as the upcoming meeting next month federal reserve chairman Jerome Powell in a speech Tuesday did little to change that view at first like to say a word about recent developments involving trade negotiations and other matters , do not know how or when these issues will be resolved we are closely monitoring the implications of these to me developments for the U. S. economic outlook and as always we will act as appropriate to sustain the expansion with a strong labor market and inflation near our symmetric two percent objective is that phrase act as appropriate that has many fed watchers believing the chairman has now left the door open for a rate cut fear of an economic slowdown has been steadily building as president trump piles all possible terrorist a Mexican imports on top of those already imposed on Chinese made goods JP Morgan chase predict the fed will have to cut rates twice this year to offset the impact of the tabs on two of America's biggest trading partners Barclays is even more concerned warning the fed will have to flash rates three times in two thousand nineteen if the fed in deep follow suit that would be a complete turnaround from policy makers views at the start of the year when the fed was forecasting at least two rate hikes by December rising optimism for a rate cut push stocks up more than a full percent Tuesday