Trump Speaks (Via Twitter, at least)
Trump has ‘instructed White House negotiators to forget about a second bailout’ before the election, a report via Bloomberg says. He also stated that ‘House Speaker, Nancy Pelosi is not negotiating in good faith,”
This followed a statement by Jerome Powell, Fed Reserve Chairman that “without funding, the economy will be in deep trouble”.
A remarkably interesting development from two key players in the US economy and how did the markets react? Here's a snapshot
- Risk aversion took over, adding strength to the USD
- US Indexes switched to red
- Treasury yields slipped from multi-week high.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.