Fed chief faces tough task in congressional testimony: ‘Walking a tightrope over Niagara Falls’When Federal Reserve Chairman Jerome Powell testifies before Congress on Wednesday and Thursday, he is expected to talk about slowing economic activity and increased risks, showing that the Fed is ready to cut interest rates as needed. But Powell is also likely to […]
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A quick call turned into two hours on Saturday. I hooked up with an old trader friend over coffee for a virtual hangout. We covered every topic imaginable but what I wanted to share today will have the most impact. The subject of risk/reward ratios came up and we both laughed. Since we’re both around new traders […]
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Traders library U.S. stock futures fall as investors brace for comments from Fed Chairman PowellWhat’s driving the stock market? Investors appear less willing to hold stocks and other perceived riskier assets as they wait for two-day testimony before Congress by Fed Chairman Jerome Powell due to start Wednesday. Markets are hoping the central bank’s chief will shed […]
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