Global stocks tumble after Trump 'crazy' Fed comment
11 Octobre, 2018, 10:02 | Auteur: Auguste Feret
"They're so tight. I think the Fed has gone insane", Trump told reporters on his way to a rally in Pennsylvania.
"I think we don't have to go as fast", the president said.
Wall Street extended its losses Wednesday afternoon as markets continued to skid, with the Nasdaq leading the losses.
Money Map Press chief strategist Keith Fitz-Gerald, Fox Business correspondent Kristina Partsinevelos and Capital Wave forecast editor Shah Gilani discuss President Trump's criticism of the Federal Reserve. "I just don't think it's necessary to go as fast".
U.S. President Donald Trump said Wednesday's stock market sell-off was a correction that was long awaited, and that the Federal Reserve, which has been raising interest rates, has gone "crazy".
Trump has repeatedly touted Wall Street records as proof of the success of his economic program, including his confrontational trade strategy. A stock market correction is defined as a fall of at least 10 per cent from the high point of the last 52 weeks. US consumer price inflation is now above 2 percent annually and the unemployment rate is the lowest in about 40 years.
The rout in U.S. shares followed substantial losses on European bourses, due in part to tensions between Brussels and Rome over Italian budget plans that have revived fears about the eurozone.
Dow ends brutal session with 3.2% loss, Nasdaq -4.1%
The benchmark USA stock index hadn't suffered a five-day losing streak since November 2016, just before the presidential election. Earlier on Wednesday, Sears Holdings plunged on reports that the struggling retailer is preparing to file for bankruptcy.
White House Press Secretary Sarah Sanders said in a statement following the close of markets that the United States economy is "incredibly strong" despite the selloff, which analysts attributed in part to trade tensions with China.
Adams said investors have concerns about their future profitability, too, making technology stocks more volatile in the last few months.
Trump has previously voiced his displeasure with the Fed's rate hikes, saying he would rather shift his focus to the continued growth of the USA economy and creating more jobs.
The Fed has been raising interest rates gradually since December 2015, and last month lifted its target for short-term rates to a range of 2 per cent to 2.25 per cent, responding to an economy that has been growing at a pace well above what Fed officials believe is sustainable.
Bourses in Paris and Frankfurt both lost more than two%, while London fell 1.3%.
In other markets, oil prices fell sharply on worries that Hurricane Michael, which is battering the U.S. state of Florida, will dent demand for gasoline and other petroleum products.
Le président russe Vladimir Poutine avait le 12 septembre déclaré savoir qui étaient les deux hommes mis en cause par Londres. En juin, deux nouvelles personnes avaient été contaminées par la même substance, dont une mère de famille qui a perdu la vie.
But if any individual already got exposed to a particular strain of HPV, then the vaccine will not work against such strain. Now, most insurance companies should cover Gardasil for those in the approved age range.
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She argued the European Union had become "totalitarian" and operated against the interests of the citizens it represents. Salvini heads the League party, one of the two major parties supporting the government of Prime Minister Giuseppe Conte.
Il a toutefois appelé les autorités saoudiennes à "prouver" que Jamal Khashoggi a bien quitté le consulat comme elles l'affirment. Sur les images, le journaliste apparaît, entrant dans le consulat à 13h14 tandis qu'un van noir est visible, garé à proximité.
I think Manchester City are doing what you would expect them to do and Arsenal are around where you would expect them to be. "Everybody develops at different rates", Barkley, who made his Everton debut aged 17 in 2011, said.
During the vote, Murkowski withdrew her "no" vote, changing it to "present" instead, effectively pairing it with Republican Sen. That could put the Iowa Republican at odds with Senate Majority Leader Mitch McConnell .
Judge Kavanaugh and Mr Trump have both denied the allegations against them. "They don't have any facts", she had said. Melania Trump says her husband's politics are hurting her attempts to partner with aid organizations.
Antonio Brown is being sued after almost harming a toddler by throwing large furniture out his 14th story window in Florida. The following day, police again returned to the complex after Brown said someone had stolen his black Rolls-Royce.
The results mean 16 to 24-year-olds are the most sober in recent history, consuming considerably less alcohol than their parents. Researchers found young people in England aren't just drinking less alcohol, more are never taking up drinking at all.
The area could also see an increased risk of tornadoes on Thursday. "If you can secure it, I would", Austin said. Smith said it was the first time she could remember the fair closing for a full day in 35 years.
Takeaways from the UN's Startling Climate Report
Thanks to a poor winter and long-term drought, New Mexico's largest reservoir, Elephant Butte, is now at 3.2 percent capacity. While the U.S.is on target to meet the previous goal, the United Nations is still stressing that more action is needed.
Hurricane Michael Pounds Panama City with 150 MPH Winds
Michael will keep plowing through the Southeast as a hurricane, with winds topping 73 miles per hour as it crosses into Georgia. That's according to measurements of the storm's central pressure, which is a key indicator of the intensity of a storm.
Hubble Space Telescope sidelined by gyroscope problem
Hubble has six gyroscopes, all of which were replaced by spacewalking astronauts during a servicing mission in May 2009. That would permit one of the two gyros to be turned off, preserving its life until it's needed when the other fails.