FED interest rate cut on agenda?
After the release of weaker-than-expected economic data, stocks traded higher Wednesday, as investors bet on a potential rate cut from the Federal Reserve later this month.
Global economic slowdown?
Recent disappointing data somewhat paves the way for the Fed to lower rates at its monetary policy meeting at the end of July.
Last month, the central bank re-introduced the idea and possibility of monetary policy by stating it will “act as appropriate” to maintain the current economic expansion.