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By Staff Reporters
SPONSOR: http://www.MarcinkoAssociates.com
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- Markets started the day down yesterday but regained lost ground throughout the afternoon as investors decided that any day with no new tariff announcements is a good day.
- Be advised: Fed Chair Jerome Powell warned that “supply shocks” pose a challenge for the economy, and that interest rates may need to remain higher for longer. Meanwhile, JPMorgan Chase CEO Jamie Dimon said a recession is still on the table.
- Oil took a tumble on comments by President Trump that the US is nearing a deal with Iran over its nuclear program that could lift sanctions against the country.
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Filed under: "Ask-an-Advisor", Breaking News, Financial Planning, Information Technology, Investing, Marcinko Associates, Portfolio Management | Tagged: Dimon, Federal Reserve, FOMC, inflation, Iran, JPMorgan Chase, Marcinko, oil, Portfolio Management, Powell, stock markets, tariffs, Trump |
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