Wednesday, December 26, 2018

Wall St. Set to Rebound from Christmas Eve Meltdown, Trump Lashes Out at Fed Again

Investing.com Wednesday, December 26, 2018


U.S. stock futures pointed to a higher open, as Wall Street readied to reopen after a shortened pre-Christmas trading session on Monday, that saw it suffer its worst Christmas Eve ever in the history of the stock market.

U.S. markets were closed on Tuesday for the Christmas holiday.

Meanwhile, U.S. President Donald Trump continued his spate of open criticism of the Fed, saying the central bank was hiking interest rates too quickly.
"They're raising interest rates too fast because they think the economy is so good. But I think that they will get it pretty soon," Trump told reporters in the Oval Office on Tuesday.

Trump also expressed confidence in Treasury Secretary Steven Mnuchin, referring to him as a "very talented guy, very smart person.

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