country flagالعربية

US stocks open higher and Trump attacks the Fed again

2019-08-21 02:01 pm | Resource: News | No Views : 26

US stocks open higher and Trump attacks the Fed again

Wall Street opened in the Green Zone on Wednesday as US President Donald Trump again criticized the Federal Reserve for not cutting enough interest rates and claimed that its president, Jerome Powell, was the "only problem" for the nation's economy. Investors are also waiting for US housing data for July after the opening bell.

Trump: Fed and Paul are pressing the US

US President Donald Trump went to Twitter on Wednesday to once again criticize the Federal Reserve and its President Jerome Powell for not cutting interest rates enough. Trump insisted that the United States was making good progress in trade negotiations with China and claimed that Powell was "the only problem" for the country's economy.

Trump tweeted “Great performance with China and other business deals. The only problem we face is Jay Powell and the Fed.

Trump also wrote: "Don't count on him! You've called him wrong so far, just let us down." "We are competing with many countries that have a much lower interest rate, and we must be less of them. Yesterday," the highest dollar record in US history. "

The US president has urged the central bank to cut interest rates for several months, saying such action is necessary because of low inflation. After the Fed cut interest rates in July, it continued to call for further cuts.
  • The Dow Jones industrial average rose 0.85% or 225 points as Apple jumped. By 1.26%.
  • The Nasdaq 100 rose 0.94% on the back of the $ 2.15 gains seen.
  • The S&P 500 rose 0.85%.

The Euro was steady against the Dollar, trading at 1.1099 at 15:29 CET while the British Pound fell 0.24% against the Dollar to go at 1.2141 at the same time.

Other analysis

Best Opportunities, Vision and Technical Analysis for The NASDAQ100 17 April 2019

We offer you the analysis of the NASDAQ 100 index on Wednesday , April 17, 2019 with the most important forecasts for the NASDAQ 100 index in the US market. Time frame Used - four hours The NASDAQ 100 is moving in a bullish direction in the near term. The Nasdaq 100 is still facing resistance and selling pressure around 7670 levels, forming a negative candlestick pattern as the indices…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.