Name: US Stocks Climbing As Traders Bet On Rate-cut Hopes
Uploaded: 2019-07-12T14:20:18+00:00
Duration: P33S
Description: US Stocks Climbing As Traders Bet On Rate-cut Hopes: Stocks climbed on Friday as the growing prospect of a cut to US interest rates this month outweighed renewed tensions in the US-China trade war, an unexpected contraction in Singapore, and uninspiring.. News video on newsR on Friday, 12 July 2019

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US Stocks Climbing As Traders Bet On Rate-cut Hopes
Video Credit: Wochit - Duration: 00:33s - Published 1 week ago< > Embed US Stocks Climbing As Traders Bet On Rate-cut Hopes Stocks climbed on Friday as the growing prospect of a cut to US interest rates this month outweighed renewed tensions in the US-China trade war, an unexpected contraction in Singapore, and uninspiring Chinese trade data. Federal Reserve Chair Jerome Powell told Congress that the central bank is largely in agreement that "more accommodative monetary policy may be appropriate." However, Trump accused China of "letting us down" by not purchasing US agricultural products as promised.

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