Listen: Wall Street Journal, Federal Reserve And OPEC discussed on Coast to Coast AM with George Noory
"O R in the forecast coming up on Wall Street. The Federal Reserve road to the rescue today is a Wall Street Journal report late in the day, rallied, the market almost back to unchanged. The Dow was down almost eight hundred points at one juncture today again, and then rallied with just a deficit of seventy nine points at the closing bell. The NASDAQ positive and the s&p lost only four as a Wall Street Journal reported the Federal Reserve may delay future interest rate hikes, depending on how the economy does going forward. It's expected the fed will raise rates in December though, but future rate hikes might be on pause. That sparked a huge rally in stocks interest rates held relatively studied the yield on the ten year note, two point eight eight percent still lower where it was several days ago. But off the lows of today, we had oil prices fall as OPEC. Delayed an announcement on how much it would cut production going forward waiting to hear from Russia. Meanwhile, the ongoing trade disputes between the United States, which intensified today was pushed into the background by the feds story that came out in the Wall Street Journal just after midday so the markets finishing and a much better tone than they started the day. We'll see however if the rally can stick waiting on. Tomorrow's unemployment report for more information on the economy.."