Fed will reassure markets – economist

Dow drops 100 points as coronavirus relief debate continues, McDonald’s and 3M fall after earnings
July 28, 2020
Stocks rally on stimulus hopes
July 28, 2020

Fed will reassure markets – economist

Spartan Capital Securities’ Peter Cardillo expects the Fed to say it’ll do “whatever it takes” to keep adding liquidity to the markets when policymakers meet this week. But he also tells Reuters’ Fred Katayama that he thinks there’s a good chance the markets will pull back, regardless of the Fed, because “the economy is faltering.”

Source: https://www.reuters.com/video/watch/fed-will-reassure-markets-economist-idRCV008IV5