Welcome to Fed decision day. Our call of the day, from FedEx’s chief financial officer, offers up some fresh evidence that the global economy may be in for a...
If Fed Chairman Jerome Powell is looking for a cheerful global-growth anecdote ahead of its policy announcement Wednesday, FedEx results may come as a bitter disappointment.
Meanwhile, FedEx CEO Fred Smith spoke of encouraging signs for the domestic business in an interview later on Tuesday, and some “green shoots” on the international side. But there was a caveat. 🇺🇸🔥$USD: FedEx profit miss a bad omen for US and global growth. Are we all doomed? Why doesn't equities care?https://t.co/2ihgiejAzv pic.twitter.com/dUYv18seWU
The dollar DXY, -0.01% is also steady, while gold GCJ9, +0.04% and crude CLJ9, -0.97% are down. The yield on the 10-year Treasury note TMUBMUSD10Y, -1.13% is ticking lower.The chart While stocks have been climbing since the start of the year, investors have apparently been harboring few worries. That’s at least according to the Cboe Volatility Index, aka the VIX VIX, +0.66% which gauges future volatility and anxiety in the market. The VIX dipped all the way below 12.
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