Trump Trade Wars and Central Bank Inflation Concerns Weighing on Stocks
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NewsWire
Afternoon Recap –
Trump Trade Wars and
Central Bank Inflation Concerns Weighing on Stocks
The Fed's message yesterday told the markets that interest rates were going to have to move up more quickly than models are forecasting. Their dot plot, which predicts the future path of rates, came up just short of predicting four rate hikes this year, versus the expected three, and called for an additional rate hike in 2019 and
2020.
To throw further fuel on the fire, the
White House announced plans to levy $50 billion in trade tariffs against
China. There's potential for them to rise up to $60 billion. A trade war could further fuel inflation as the cost of goods rises. Markets are bewildered.
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MARKET HEADLINES:
Dow dives on fears of global trade war over Trump tariffs ► https://www.washingtonpost.com/business/capitalbusiness/markets-dive-ahead-on-fears-of-trade-war-fed-rate-hikes/2018/03/22/38536462-2de1-11e8-b0b0-f706877db618_story
.html?utm_term=.e50e3b755378
Financial markets are not ready for a 'dangerous' trade war ► https://www.cnbc.com/2018/03/22/financial-markets-are-not-ready-for-a-dangerous-trade-war.html
US STOCKS-Wall St drops 1 pct on trade war fears, tech tumble ► https://www.nasdaq.com/article/us-stockswall-st-drops-1-pct-on-trade-war-fears-tech-tumble-20180322-00802
Daily Briefing:
Trade war reprieve - hopes rise ► https://uk.reuters.com/article/uk-europe-view-thursday/daily-briefing-trade-war-reprieve-hopes-rise-idUKKBN1GY0UF
Stock market falls over trade war, Facebook and rate hike fears ► https://www.usatoday.com/story/money/2018/03/22/stock-market-falls/448665002/
Dow skids 400 points on fears of
China trade war in advance of Trump remarks ► http://www.latimes.com/business/la-fi-financial-markets-20180322-story.html
Dollar Rises
Amid Concerns of
Global Trade War ► https://www.wsj.com/articles/dollar-rises-amid-concerns-of-global-trade-war-1521740942
Trump seeks new China tariffs, as trade war worries mount ► https://www.nbcnews.com/politics/white-house/trump-seeks-new-china-tariffs-trade-war-worries-mount-n859071
Dow plunges 600 points as
Wall Street worries about a trade war ► http://money.cnn.com/2018/03/22/investing/dow-jones-trade-war-china/index.html
Stocks drop after Trump tariff action, but off lows ► https://www.reuters.com/article/us-usa-stocks/stocks-drop-after-trump-tariff-action-but-off-lows-idUSKBN1GY1IF
How a trade war could hurt these
US states ► http://money.cnn.com/2018/03/22/news/economy/trade-war-us-states-exports/index.html
Dow plummets as much as
500 points after Trump's China tariffs ignite fears of trade war ► http://www.businessinsider.com/stock-market-today-selloff-trump-china-tariff-escalates-trade-war-fears-2018-3
Stocks drop after Trump tariff action, but off lows ► https://www.reuters.com/article/us-usa-stocks/stocks-drop-after-trump-tariff-action-but-off-lows-idUSKBN1GY1IF
Wall Street trims losses as Trump talks tariffs, but eases trade war fears ► https://in.reuters.com/article/us-usa-stocks/wall-street-trims-losses-as-trump-talks-tariffs-but-eases-trade-war-fears-idINKBN1GY1IF
Fed’s
Powell seeks “middle ground,’ but others on
FOMC push aggressive approach ► https://www.marketwatch.com/story/why-the-fed-might-be-a-little-more-worried-than-it-lets-on-about-inflation-2018-03-21
GLOBAL MARKETS-Dollar, shares buffeted by trade war worries ► https://www.reuters.com/article/global-markets/global-markets-dollar-shares-buffeted-by-trade-war-worries-idUSL8N1R4437
Trump
Orders Stiff Tariffs On China, In Hopes Of
Cutting Trade Gap By $50
Billion ► https://www.npr.org/2018/03/22/596058282/president-trump-orders-50-billion-tariffs-on-china
Trump moves to crack down on China trade with $60 billion in tariffs on imported products ► https://www.washingtonpost.com/business/economy/trump-moves-to-crack-down-on-china-trade-with-50-billion-in-tariffs-on-imported-products/2018/03/22/c09309e8-2de3-11e8-8ad6-fbc50284fce8_story.html?utm_term=.c240eef6792d
Trump hits China with tariffs, heightening concerns of global trade war ► https://www.cnn.com/2018/03/22/politics/donald-trump-china-tariffs-trade-war/index.html