Stocks are euphoric after the Fed hinted it could cut rates within weeks — and analysts are freaking out
|06/20/2019||Posted by BusinessMediaguide.Com under General World News||
- Stocks rallied after the Fed hinted it could cut interest rates as soon as next month.
- Analysts were surprised by the Fed’s stance given the US economy isn’t in recession, and feared the bank could appear to have succumbed to markets trends and Trump demands.
- The Fed is “at a very serious risk of losing its credibility,” says one analyst.
- View Markets Insider’s homepage for more stories.
Stocks soared along with gold on Thursday after the US Federal Reserve hinted it could cut interest rates as soon as next month to spur growth, even though the economy is expected to grow by read more >>>