Federal Reserve Chairman Jay Powell steps back on the stage Wednesday with the latest FOMC announcement and press conference. But Powell's message is NOT likely to please President Trump.
MIXED SIGNALS ON THE ECONOMY
“The S&P 500 has baffled many investors by rebounding 27% since March 23 even as job losses have mounted. The broad equity gauge is now only down about 3% in the past year, with recent gains led by Amazon.com Inc. and Netflix Inc. … Many investors credit the Federal Reserve with halting stocks' slide.”— AP’s Joyce M. Rosenberg: “The billions of dollars in coronavirus relief targeted at small businesses may not prevent many of them from ending up in bankruptcy court.
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