Trade rhetoric and Brexit were top of mind in August
MONTHLY MARKET COMMENTARY |
U.S. equities slumped as U.S. and China trade rhetoric continued to be front of mind for investors amid underwhelming economic data. Federal Reserve Chairman Jerome Powell assured that the central bank will “act as appropriate” to extend the current economic expansion, but did not give any direction as to what the next move will likely be.
In other economic news, United Kingdom equities dragged lower on concerns following Prime Minister Boris Johnson’s request to suspend parliament in an attempt to force through Brexit with or without a deal by Oct. 31, 2019.