Promise Anything: Investors and Markets Yesterday

promise anything: Of course, some would argue Powell didn't come right out and promise anything, which raises the question as to whether investors might be getting a little too carried away, according to Market Watch. How much truth there was in the big rally for markets yesterday and how much was dramatized is open for question, Deutsche Bank strategists Jim Reid, Craig Nicol and Quinn Brody told clients in a note. Equity futures are pointing to another day of gains Wednesday as investors continue to factor in signs that the Fed chief is open to an interest-rate cut. Financial markets and investors have been increasingly looking for assurances that the Fed is ready to step in and head off a U.S. recession. Indeed, the World Bank on Tuesday forecast the slowest global economic growth in three years. Worrying economic data and worsening global trade disputes have led to expectations that the Fed could cut rates up to three times this year. (news.financializer.com). As reported in the news.