Dow turns lower after Fed hikes rates, but signals 2 -- not 3 -- increases next year

Rest of the year will trigger a buying spree

This isn't news. Before Janet Yellin left in 2017, there were 3 scheduled increases to regulate the interest rate. Trump signed an EO during the same period raising rates on mortgages, just because. Yellin said there would be 3 more increases in 2018, and one in 2019. Trump knew.

Add to this the controls, added by Obama to fix Sept. 08 crash, have been removed so there's really no protection.

This is the icing on the recession cake that is baking. Failed Tax Cut Law, blowback from Tariffs, and 'busting the deficit ceiling twice' are the layers of a failed economic policy. Trump and his economic wizards cannot lie their way out of this.

...everyday Americans; it's an adjective

Watching the Dow drop during Jerome Powell's press conference was like watching the stock market scene from 1983 movie Trading Places

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Source: CNBC - 🏆 12. / 72 Read more »