Stocks rose Tuesday thanks to media reports suggesting in-person U.S.-China trade talks are set to resume as soon as next week, but that’s not changing the trade outlook for Kristina Hooper, Invesco’s chief global market strategist.
The S&P 500 breached this level for the first time ever on Wednesday and again on Thursday as Federal Reserve Chair Jerome Powell provided clearer hints on the central bank’s possible plans to cut short-term interest rates amid soft inflation and ongoing trade war concerns.
Federal Reserve Jerome Powell is testifying on Capitol Hill this week as the central bank weighs a near-term cut to short-term interest rates.
The stock market has been rallying in recent weeks on hopes of the Federal Reserve will lower interest rates, but history suggests a rate cut can sends stocks on a complicated path.
The next Federal Reserve rate cut may come from weakening inflation, rather than weakening economic growth, according ton one top economist.