Market Shakes Off Weak Economic Data In Hope Of Further Rate Cuts
Market Shakes Off Weak Economic Data In Hope Of Further Rate Cuts.
Market Shakes Off Weak Economic Data In Hope Of Further Rate Cuts.
UPDATE: Interim Trade Deal? NO, Says Trump Admin. Bloomberg announced that an interim trade deal may be in the works in advance of October trade talks with China. Markets ripped higher on the news. However, ZeroHedge just tweeted that the Trump Administration has denied the story, accusing Bloomberg of fake…
Stocks Rise On Several Indicators The DJIA is enjoying its sixth straight day of gains, up 0.41%. The NASDAQ is leading the major indexes, up 0.88%, and the S&P 500 is up 0.51%. The gains come on several bits of news: First, China has waived 25% tariffs on 16 U.S….
Headway on Trade Stocks opened higher today on news that the U.S. and China have reached a “conceptual agreement” on intellectual property theft, according to Treasury Secretary Steven Mnuchin. The issue has been one of the most contentious topics in trade negotiations between the world’s two top economies. Talks are…
Yes The Fed Is Political, But Mr. President – Save Our Currency.
FOMC Announces Rate Cut The much anticipated FOMC announcement has been made, and the Fed has cut policy interest rates by 25 basis points. The market reacted by selling off, major indexes were down less than 1%. Fed Chairman Jerome Powell commented that inflation was muted, and President Trump previously…
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….
Trump Bashes Fed’s Williams, Says US Economic Growth “No Thanks To Federal Reserve”, Sees “No Inflation”.