Market News and Commentary – Wall Street Underground

By Nick Guarino | August 2, 2019

Trump Adds More China Tariffs To Pressure FED

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Trump tweeted:

“…As usual, Powell let us down, but at least he is ending quantitative tightening, which shouldn’t have started in the first place – no inflation. We are winning anyway, but I am certainly not getting much help from the Federal Reserve!”

What the Market wanted to hear from Jay Powell and the Federal Reserve was that this was the beginning of a lengthy and aggressive rate-cutting cycle which would keep pace with China, The European Union and other countries around the world.

Market News and Commentary for August 2nd has been posted. Click here to listen now.
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