Federal Reserve: Markets rise on rate cut hopes

Facing a renewed round of trade war threats, the Federal Reserve this week “signaled that rates could come down to keep the economy on solid ground,” said Mary Romano in Fortune.com. The central bank is still watching and waiting, but analysts now estimate the chance of a rate cut at more than 90 percent. Prospects of a Fed cut that would stimulate the economy revived markets that had been battered by “worry that President Trump’s trade war with China and Mexico could exacerbate a slowdown in economic growth.”