Economy
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U.S. Stocks Push Higher as Fed Hints at Possible Rate Cut

6/4/19
from The Wall Street Journal,
6/4/19:

Dow climbs more than 400; yield on 10-year U.S. Treasurys rises

U.S. stocks surged Tuesday, rebounding sharply from recent declines after Federal Reserve officials hinted the central bank could lower interest rates if the economy slows in response to escalating tariffs and economic uncertainty.

After anxiety about higher tariffs and slowing economic growth sent stocks and bond yields tumbling in recent weeks, this week’s central-bank signals fueled bets that the Fed will lower rates to keep the U.S. economy on solid footing. Combined with measures by the Chinese government to stimulate growth in the world’s second-largest economy, the possibility of lower interest rates has lifted confidence in global growth even as trade tensions simmer, investors said.

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