![]() ![]() ![]() Earnings of $1.36 per share outpaced the $1.19 in the Zacks consensus, and up 25% year over year. Target TGT shares are up 10% in today’s pre-market, following its impressive positive Q3 surprises on both top and bottom lines. ![]() And the closer we get to December 15th without reaching a Phase One agreement would seem to make it even less likely to occur. In any case, the Phase One agreement, which had helped markets surge as trade representatives attempt to make incremental progress toward an overall deal, does look to be in jeopardy. That Congress has decided to publicly align with anti-Beijing forces may see new tactics employed in the ongoing trade war. ![]() Congress just yesterday passed a bill in support of the Hong Kong protestors, who for most of this past year have been protesting - sometimes violently - what many consider unfair extradition to mainland China. Throwing another log onto this fire, the U.S. As China pushes for more tariffs to be lifted, President Trump has promised to push tariffs even further, and this reality creeps closer to a December 15th deadline where new tariffs are scheduled to go into effect. How close was the Fed to putting on the brakes on interest rate policy 3 weeks ago? We intend to find out.ĭelays in a U.S.-China trade agreement that would freeze new tariffs as both sides work out a longer-term trade deal appear to be losing ground today. This was the third straight 25 basis-point drop in 2019, following a 25 basis-point raise last December which helped send markets into a tailspin.įor his part, Fed Chair Jerome Powell ticked all the major talking points in his testimony following the last FOMC meeting - “job market remains strong” offset by “weakness in global growth.” But what the minutes released today will point to is whether and where there is any dissent from the Fed Chair’s views. This afternoon, we expect the release of the minutes from the last meeting of the Federal Open Market Committee (FOMC), from October 29th and 30th, when the Fed decided to lower interest rates yet again, to 1.75%. ![]()
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