U.S. stock futures are pointing to a flat opening on Wednesday ahead of the Federal Reserve’s interest rate decision, press conference with Fed Chair Janet Yellen, and updated economic projections that will indicate the likelihood of future rate hikes with the Fed’s plot chart.
The Federal Reserve is widely expected to keep rates unchanged at the conclusion of their 2 day policy meeting that wraps up on Wednesday but there’s still a possibility that the Fed may decide to raise interest rates during their December policy meeting.
On Tuesday U.S. President Donald Trump addressed the U.N General Assembly in a speech that covered a lot of ground and varied from his boasts about the stock market at an all-time high, more people working in America due to regulatory and other reforms, and hawkish remarks about North Korea and Iran.
President Trump explained that the U.S. is celebrating the 230th anniversary of the U.S. constitution, and admitted that as President of the United States he will always put America first.
After claiming we should fulfill our sovereign duties to the people we faithfully represent by protecting our nations, their interests, and their futures, President Trump pivoted to flashpoint places around the globe where sovereignty has been threatened such as the Ukraine and South China Sea.
“We must reject threats to sovereignty, from the Ukraine to the South China Sea. We must uphold respect for law, respect for borders, and respect for culture, and the peaceful engagement these allow” President Trump said.
Concerning North Korea, President Trump offered critical statements about the regime in Pyongyang.
“No one has shown more contempt for other nations and for the wellbeing of their own people than the depraved regime in North Korea. It is responsible for the starvation deaths of millions of North Koreans, and for the imprisonment, torture, killing, and oppression of countless more” President Trump said.
He pointed out that North Korea’s regime abused an innocent American college student, Otto Warmbier, who died a few days after returning to the U.S., and called North Korean leader Kim Jong-un “rocket man” in his speech.
President Trump said Kim Jong-un is on a “suicide mission” for himself and his North Korean regime.
President Trump maintained that North Korea’s reckless pursuit of nuclear weapons and ballistic missiles threatens the entire world with unthinkable loss of human life and explained that it is time for North Korea to realize that the denuclearization is its only acceptable future.
Claiming the U.S. has great strength and patience, President Trump said if it is forced to defend itself or its allies, “we will have no choice but to totally destroy North Korea.”
Concerning Iran, President Trump said that rather than use its resources to improve Iranian lives, its oil profits go to fund Hezbollah and other terrorists that kill innocent Muslims and attack their peaceful Arab and Israeli neighbors.
After describing the Iran Deal as one of the worst and most one-sided transactions the United States has ever entered, President Trump said that the deal is an “embarrassment” to the United States, and “I don’t think you’ve heard the last of it.”
Speaking in hawkish tones, President Trump said it is time for the entire world to join the U.S. in demanding that Iran’s government end its pursuit of death and destruction.
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