Highlight Investment Research is an independent and privately owned organization, has come a long way and today has emerged as a premium Indian stock & commodities consultancy, with an absolute focus on business and a commitment to provide “Real value for money to all its clients”.
President Donald Trump slammed the Federal Reserve as “crazy” for its interest-rate increases this year in comments hours after the worst US stock market sell-off since February.“The Fed is making a mistake,” he told reporters on Wednesday as he arrived in Pennsylvania for a campaign rally.
“They’re so tight. I think the Fed has gone crazy.”
Trump’s latest attack on the US central bank appeared to blame the Federal Reserve for a stock rout that market analysts mostly attributed to fresh concern about his trade war with China. Trump has been publicly criticizing the Fed since July for interest-rate increases and declared he was “not happy” in
September when the central bank raised rates for the third time this year.
Trump, who has frequently invoked rising stock prices as an affirmation of his economic policies, downplayed the significance of the market drop even as he pointed the finger at the Fed.
“I think it’s good,” Trump said of the stock decline.
“Actually, it’s a correction that we’ve been waiting for a long time. But I really disagree with what the Fed is doing."
The broad US stock market sell-off Wednesday took the S&P 500 to the lowest in three months, the Dow Jones Industrial Average plunged as much as 836 points and the Nasdaq 100 Index tumbled more than 4% for its worst day in seven years.
No comments