Trump heaps pressure on Fed and its chairman Powell to cut rates
Wednesday, 21 August 2019 President Donald Trump on Wednesday continued to pressure the Federal Reserve and the central bank's chairman to lower interest rates, saying its policies were hampering U.S. growth and reducing the country's ability to compete economically.
China Hits the United States With New Tariffs. This September, $75 billion worth of American items will see 5 or 10% tariffs. Nearly 5,100 products, including coffee and seafood, will be affected. It is the latest move in the ongoing trade war between the two economic powerhouses. Juts days ago,...
The Federal Reserve doesn't currently look gung-ho about a third interest rate cut for 2019, but the argument for that cut is strong. Before we get into the reasons the Fed may want to cut, let's take..