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home / news releases / SPXL - Weekly Edge: Trump Urges Fed To Cut Rates


SPXL - Weekly Edge: Trump Urges Fed To Cut Rates

Originally published on May 1, 2019

By Ansh Chaudhary

The Federal Reserve ends its two-day meeting today. Chairman Jerome Powell will be discussing the economic outlook at a press conference scheduled for 2:30 p.m. ((ET)). As expected, the Fed won't be changing interest rates at this time. With President Trump demanding more rate cuts ahead of elections, the Fed will likely attempt to stress its independence and not sound too dovish.

Economic data at this point is sending a lot of mixed signals. In some places, there are signs that a more dovish policy from

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Stock Information

Company Name: Direxion Daily S&P 500 Bull 3X Shares
Stock Symbol: SPXL
Market: NYSE

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