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Newspaper
Holland Sentinel
Location
Holland, Michigan, United States of America
Date
Aug 22, 2019
Page
8
Market closes with the Dow up 0.93 percent at 26,203.34 and the Nasdaq advancing 0.90 percent to 8,020.21. Stocks of local interest show gains, reflecting steady investor confidence.
The Powell speech at Jackson Hole amid slowing economy and trade tensions prompts questions on the impact of potential rate cuts. Analysts note already low borrowing costs and a mixed Fed outlook, with dissent within the committee and uncertainty about whether further cuts would meaningfully revive growth.
Holland welcomes Pho Mekong a new Thai eatery by Deth Chanthapanya and Kelly Mceachern at 143 Douglas Ave offering pho entrees soups salads spring rolls and more. Open Tue-Sat 11 am to 10 pm Sun 11 am to 8 pm. closed Mon. Delivery via Holland Eats. Contact Kate Carlson at kcarlson hollandsentinel com.
The CBO says the federal deficit will top 1 trillion in the coming fiscal year, up from this year’s near 960 billion. The report ties higher deficits to a new budget agreement, with growth slowing to 1.8 percent on average over four years and unemployment near 3.7 percent this year then rising.
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