Posts by Carrick Wealth

Week in Review: U.S.- China Trade War Escalates

Stocks suffered their worst week this year on worries that escalating trade tensions could further slow global economic growth. On Thursday the U.S. announced a 10% tariff on $300 billion worth of Chinese goods starting in September. On Wednesday the Federal Reserve cut rates for the first time in a decade, citing uncertainty in the…

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Week in Review: Rate Cuts

The chair of the Federal Reserve, Jerome Powell, made it seem nearly certain that the Fed will lower interest rates at its meeting at the end of July, highlighting jitters over the global economic slowdown and the trade war with China. Futures markets are fully pricing in a 25-basis point rate cut and a 41%…

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