The potential economic fallout of a global trade war is affecting the Fed’s policy on interest rates. Heather Long covers the key questions investors have for Federal Reserve Chair Powell in advance of today’s news conference. The 57% of Americans who support net neutrality were disappointed to see it repealed recently. What will it mean for you? Quentin Fottrell of MarketWatch summarizes the changes that are the result of the new rule. The next Leading Economic Index will be released on June 21. Schwab’s Chief Investment Strategist Liz Ann Sonders explains why investors will be following it closely.
Trump’s Trade Fight Is Making Life Difficult For The Fed– The Federal Reserve is all but certain to raise the U.S. benchmark interest rate Wednesday from 1.75 to 2 percent, a move that will make credit card, mortgage and business loans a bit more expensive. But what the Fed does after this week depends largely on the economy — and President Trump’s trade fight. Here are the key questions on which investors and business leaders will be looking for the Fed to give clarity Wednesday. Read more…
Net Neutrality Was Just Repealed — Here’s What That Means For You– June 11 marks the repeal of the rules under which regulators treated all companies using the internet equally. The end of net neutrality introduces a two-tiered system for internet users, consumer advocates say. Here’s what net neutrality means for you. Read more…
What Is The Leading Economic Index (LEI)?- Liz Ann Sonders, Chief Investment Officer at Charles Schwab & Co., explains the Leading Economic Index (LEI) put out monthly by The Conference Board, and why it’s a tool she uses to measure the state of the economy. Read more…
John R. Day, Bill Ennis, Stephanie Hall and Matt Heller