Investors look ahead to the Federal Reserve’s monetary policy.Posted on August 21, 2019
The Stock Market closed lower for the first time in four sessions on Tuesday amid lingering worries over the economy. Investors have been rushing into safer assets such as gold as they fear U.S. economic growth could slow down with the rest of the world. Fed cut rates by 25 basis points in July and the central bank was not planning a return to the stimulus era.
The Dow is down more than 3% entering Wednesday’s session. The S&P 500 and Nasdaq Composite are down more than 2% each.
Donald Trump’s haphazard policy and twitter comments with the European Union has complicated the trading relationships with the EU leaders. “Dealing with the European Union is very difficult,” Trump told reporters at the White House.