- S&P 500 Index Investors await President Donald Trump’s next move to Iran on Friday and lowered the tax rate from the Federal Reserve to 0.2% in July.
The market ended a bland week as major stock indexes fell slightly or remained flat on Friday. The S&P 500 index fell 0.2% daily and 1.3% weekly. Nasdaq Island fell 0.5%, and Dow Jones Jones was basically flat, up 0.1% per day.
The end of the short trading week – U.S. markets closed on Thursday to commemorate June and become the White House explain President Donald Trump will decide within two weeks whether to strike Iran on Thursday night. The commander-in-chief has been weighing military operations after the Islamic Republic began trading missiles and drone strikes last Thursday with the Islamic Republic.
“We know exactly where the so-called ‘supreme leader’ is hidden,” Trump Posted Wednesday on social media, referring to Iran’s Ayatollah Ali Khamenei. “He was an easy target, but it was safe there – at least not now, and we wouldn’t take him out (kill!).”
The potential entry of the U.S. into the conflict between Israel and Iran could exacerbate tensions in the region and further undermine oil trade. Oil price fall On Friday, there may be signs of signs of Trump’s decision to delay the conflict with Iran for two weeks.
“This means two weeks of uncertainty in financial markets, but investors are still inclined to see the Middle East conflict as local, rather than global economic issues,” Paul Donovan, chief economist at UBS Global Wealth Management, pointed out on Friday.
Meanwhile, Fed committee member Christopher Waller said Friday that the U.S. central bank could lower interest rates as early as July. Walker said in an interview: “That’s my point of view.” CNBC.
On Wednesday, the Fed decided to keep interest rates stable for its fourth consecutive meeting. Meanwhile, Trump has been pushing for lower interest rates since taking office in January. “Uncertainty about the economic outlook has declined, but is still increasing,” the Fed wrote in a statement on Wednesday.
While central banks have taken cautiously optimistic about the U.S. economy, some analysts are even more pessimistic.
“The downturn in single-family construction is deepening, which is another headwind for activities and employment,” Samuel Tombs and economists Samuel Tombs and Oliver Allen wrote in Friday’s research report.
