Market Cap: $3,597,361,398,400
24h Vol: $316,655,814,603
Cryptocurrencies: 24151
Markets: 92278
Cryptocurrencies: 24151
Markets: 92278
Market Cap: $3,597,361,398,400     
24h Vol: $316,655,814,603
Ryan Smith 2019-07-06 12:19:29

Stock Market Bulls Made a Fool’s Gamble on Rate Cuts

When US nonfarm payrolls stunned traders by rising dramatically on Friday, the stock market's bet that the Fed would stimulate further growth by drastically slashing interest rates was exposed as a fool's gamble. That's according to economist Mohamed El-Erian…
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