It has been an lively Thursday on Capitol Hill and a quiet one on the markets. With just a few hours left within the Wall Road buying and selling
It has been an lively Thursday on Capitol Hill and a quiet one on the markets. With just a few hours left within the Wall Road buying and selling day, the DJIA DOW (-33), S&P 500 SPX (-0.30), and NASDAQ (-9) are barely within the crimson. Commodity costs have been a bit extra lively, with gold posting a 0.60% achieve and WTI crude oil falling 0.45%. At this level, it seems that the markets could also be gearing up for the weekend break.
USMCA, Impeachment, Powell Make Right this moment’s Headlines
Right this moment marked the second and last day of FED Chair Jerome Powell’s semi-annual testimony earlier than Congress. Not a complete lot of recent info got here to gentle, with Powell fielding questions concerning the financial system and financial coverage. Listed here are just a few of his extra notable statements:
- “The U.S. financial outlook continues to be constructive”
- “The U.S. financial system is in a really robust place”
- “We’re within the neighborhood of most employment”
- “Passage of USMCA would cut back uncertainty”
Powell’s point out of USMCA was a well timed coincidence, as Speaker of the Home Nancy Pelosi acknowledged {that a} “breakthrough” on USMCA could also be “imminent.”
So, what does Pelosi’s “breakthrough” imply? It implies that though the commerce deal has bipartisan assist in each homes of Congress, the timing is dangerous because of Trump impeachment proceedings. Whereas something is feasible in politics, will probably be a serious…