- S&P 500 was soaked 0.2% on Friday as investors could cut President Donald Trump from the Federal Reserve in July as he could move next in Iran and cut it from the Federal Reserve.
The market concluded an inactive week as the main inventory indexes were slightly permeated or remained flat on Friday. The S&P 500 recorded a daily decline of 0.2% and a weekly decline of 1.3%. Nasdaq was reduced by 0.5%, and Dow Jones was essentially flat with a daily gain of 0.1%.
End of a short trading week – US market closed on Thursday in June compliance. I said On Thursday evening, President Donald Trump will decide whether to attack Iran within two weeks. The commander was weighing military actions after Israel, a key US ally in the Middle East, began trading missile and drone strikes with the Islamic Republic last Thursday.
“We know exactly where the so-called ‘Super Leader’ is hiding,” Trump said. Posted On social media on Wednesday, he mentioned Iran’s Ayatollah Alikhamenei. “He’s an easy target, but he’s safe there. At least not for now.”
The US’s potential entrance to the conflict between Israel and Iran could raise tensions in the region and further disrupt the oil trade. Oil prices It’s fallen On Friday, it was likely that traders were relieved that Trump had decided to delay the conflict with Iran for two weeks.
“It means two weeks of uncertainty for financial markets, but investors tend to view Middle East conflicts as local conflicts rather than global economic issues,” Pauldnovan, chief economist at UBS Global Wealth Management, said in an analyst memo on Friday.
Meanwhile, Federal Reserve member Christopher Waller said Friday that the US Central Bank could cut interest rates as early as July. “That’s probably my opinion, whether the committee will follow that,” Walker said in an interview with CNBC.
On Wednesday, the Fed decided to stabilize interest rates for its fourth meeting. Meanwhile, since taking office in January, Trump has been calling for interest rate cuts. “Uncertainty about the economic outlook is declining, but it continues to rise,” the Fed wrote in a statement Wednesday.
The central bank took a cautious, optimistic approach to the US economy, but some analysts were more pessimistic.
“The slump in single-family home construction is deepening, and another headwind is deeper towards activity and employment,” wrote Pantheon Macroeconomics economist Oliver Allen in a research note on Friday.
