Stock Market Today – 5/20: Stocks Bounce On China Rate Cut, But Markets Jittery Amid Fed Inflation Fight

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The Street

By Martin Baccardax A surprise overnight mortgage rate cut in China has global stocks on the rise Friday, but U.S. markets remain focused on the Fed’s inflation fight. U.S. equity futures moved firmly higher Friday, although are still well on pace for another weekly decline that would keep stocks amid their start to any year in nearly a century, as investors look for bargains in a beat-down market shrouded by central bank rate threats of higher interest rates. As Kansas City Fed president Esther George said yesterday, central banks may not be gunning for stock markets, but they aren’t going to…

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