US Stocks Lower on Middle East Tension

Wall Street’s main indexes slipped on Tuesday, hit by trade jitters and rising tensions in the Middle East, while investors focused on speeches by Federal Reserve officials for clues on monetary policy. Fed Chair Jerome Powell is among a host of central bank policymakers scheduled to speak amid rising expectations of an interest rate cut […]

Goldman Now Forecasts a 50 Points Rate Cut by Fed

The Federal Reserve may be on its way to delivering a half-point interest rate cut next month even though economic conditions don’t seem to warrant such an aggressive move, according to Goldman Sachs economists. In a substantial revision to its prior forecasts that the central bank would stand pat, Goldman now sees a likelihood of […]

Trade War Deal More Important than Fed Cut

Art Hogan is more worried about the U.S.-China trade war than whether the Federal Reserve will cut interest rates. Hogan, National Securities’ chief market strategist, believes the Fed made the right decision Wednesday to communicate openness to cutting rates at its next meetings. But Hogan warns that won’t be enough to stymie a market drop […]