Stock Market

Christmas isn’t coming this year for the stock market. That’s mostly because Federal Reserve Chairman Jerome Powell decided to play the role of Grinch this year. He stole Christmas on December 19 by hiking rates, still projecting two rate hikes in 2019, sounding a hawkish tone and reaffirming the Fed’s plan to keep shrinking its
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U.S. stock futures are trading slightly lower this morning as the post-Federal-Reserve-announcement fallout continues to weigh on the market. Yesterday’s quarter-point rise in interest rate and failure of Fed chair Jerome Powell to strike a sufficiently dovish tone continues to weigh heavily on asset prices. In early morning trading, futures on the Dow Jones Industrial
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