Reuters/Hannah McKay Here is what you need to know. Theresa May is expected to resign. British Prime Minister Theresa May has lost the support of her cabinet, and is expected to step down by the end of this week. The Fed says weak inflation is temporary. "At least part of the recent softness in inflation could be […]
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TSLA)
Reuters/Yves Herman Here is what you need to know. The Fed dims its outlook for the US economy. The central bank on Wednesday held its benchmark interest rate unchanged in a range between 2.25% and 2.5% and said that it expected no rate hikes this year and that it would end its balance-sheet tapering in […]
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TSLA)
Reuters/Yves Herman Here is what you need to know. The Fed dims its outlook for the US economy. The central bank on Wednesday held its benchmark interest rate unchanged in a range between 2.25% and 2.5%, and said that it expects no rate hikes this year and to end its balance-sheet tapering in late September. Britain […]
10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TSLA)
Here is what you need to know. The US and China are getting close to a trade deal. The world’s two largest economies are in the "final stage" of negotiations, The Wall Street Journal says. The US hits the debt ceiling. The Treasury can use "extraordinary measures" to prevent a breach for the next few months. MMT […]