The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
Here are the biggest calls on Wall Street on TuesdayInvestingread more
Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
The risk to markets Friday is that Fed Chair Janet Yellen simply sounds more ready than markets expect to raise rates for the second time in 10 years.
After listening to other Fed speakers Friday, traders were watching out for Yellen to go in the same direction - that the Fed could possibly still raise rates twice this year and as soon as September. Yellen speaks at 10 a.m. EDT.
"She could say we want to raise rates twice this year and the markets will get hit," said John Briggs, head of strategy at RBS. "The end game is the markets are going to take them out of September, if they signal it too strongly."
Already Friday, St. Louis Fed President James Bullard said September is possible for a hike but he sees a very slow trajectory for rate hikes. Atlanta Fed President Dennis Lockhart reportedly said that two rate hikes are possible this year, but one is more likely. And Cleveland Fed President Loretta Mester reiterated that September meeting is "live" for a rate hike discussion, and that the economy is picking up in the second half of the year.
Markets are currently pricing about a 30 percent chance of a rate hike in September and roughly 55 percent odds for December, said Briggs. But the markets have not expected Yellen to signal rate hike timing at all.
If she does, the reaction could be strong. "The dollar will go up. Stocks will go down and financial conditions will tighten and they'll blink," Briggs said.
That would also snap Treasury yields out of their slumber and pressure emerging market currencies, and gold and other commodities.
But many strategists and economists say more likely is that she will sound dovish, and the reason may be that she will choose to address a more wonky academic question about long-term Fed policy rather than talk about what the markets want to hear.