Fed Leaves Rates Unchanged…Economic Growth Still Below Pre-Pandemic Levels.
Market Shakes Off Weak Economic Data In Hope Of Further Rate Cuts.
Consumer Data Before Tomorrow’s FOMC Meeting The Conference Board’s Consumer Confidence index jumped to 135.7, its highest reading since October of 2018 and close to highs set in 2000. Core PCE firmed to .248 on a month over month basis in June, rounding down to 0.2%. Further, inflation undershot the…
A Busy Week Here And Abroad Apart from the Dallas Manufacturing data released this morning (which at -6.3, came in very close to the forecasted -6.0), Monday is a relatively slow data day. Not so going forward, in what is truly one of the most important weeks of the year….
Fed Chairman Powell Declares Prolonged Pause In Rate Hikes Due To Global Risks.