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Globally-Focused S&P 500 Companies To See Q3 Earnings Fall

The stronger U.S. dollar has been weighing on major U.S.-based companies' top and bottom lines for some time, and this is expected to continue. In fact, S&P 500 companies with a high level of global exposure stand to see their earnings growth slow during the third quarter. Third quarter earnings season kicks off less than a month from now.

The Fed talks global economics

When the U.S. Federal Reserve met on Thursday, all eyes were watching to see if they would raise interest rates. They didn't, in light of the economic turmoil that's gripping the globe. The Fed did, however, talk about the global economic pressures and said those pressures are likely to pressure inflation and could "restrain economic activity."

The FOMC also said it is monitoring the global economic developments and sees risks to the U.S. labor market as well.

S&P 500 earnings to be hit by U.S. dollar again

In the last quarter, analysts had been hoping that some of the pressure from the strengthening of the U.S. dollar versus foreign currencies would abate because the...


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