$S&P 500(.SPX)$ The damages to

$S&P 500(.SPX)$ The damages to US economy has been done or self inflicted by tariff. There is economic dislocations and companies will come out to discount downward their earnings. As the market trend down, there will be massive redemptions and margins calls. These will hit American banks hardest - nothing great for JPM and may lead to 2008 type of financial crisis unless Trump fire his economic team and fly to China and reverse his beautiful "tariff". Personally Trump got narrow escape after Citibank cut his credit card and no American bank will touch him until saved by HK developers and Singapore's CDL/Hong Leong. He is not great on financial matters.

Fed Keeps Unchanged: Are 3 Rate Cut Estimates Too Optimistic?

After a two-day policy meeting, the Federal Reserve announced on Wednesday that it would keep the benchmark federal funds rate unchanged in the range of 4.25% to 4.5%. Is the market being too optimistic? As the broader market begins to pull back, what impact will this week’s FOMC meeting have?

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