Morning Bid Hesitation about foregone conclusions

News Source : Yahoo Entertainment

News Summary

The Federal Reserve delivered an expected quarter point rate cut on Wednesday and an end to its "quantitative tightening" this year.
But Chair Jerome Powell ruffled bond market feathers by saying another cut in December was not a "foregone conclusion" The Bank of Japan deferred any further interest rate rises for now - knocking the yen back to eight-month lows.
President Donald Trump hailed his summit with Chinese counterpart Xi Jinping as "amazing" and gave it a 12 out of 10 rating.

By Mike Dolan(Reuters) What matters in U.S. and global markets todayBy Mike Dolan, EditorAtLarge, Finance and MarketsPerhaps because many of the positive twists this week were already priced [+6222 chars]

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