Volatility After China Tariffs (aka: Was There A Jackson Hole Meeting As Well?)

Everyone was waiting for Powell to speak today in Jackson Hole. Would he give investors more hope for another rate cut??

It didn't matter, because the Chinese deceided it was time to give the US some of it's own medicine. China announced it would raise tariffs. TT (tweeting Trump) didn't wait long to react. He ordered US companies to leave China, not giving much hope for a trade war to end soon. The market plunged on the news, leaving the Powell-speech a none event.