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Analysts at Wells Fargo, estimate that the Federal Reserve could cut its monetary policy rate two times during 2019. They forecast one 25 bps cut in July 2019 and another cut in Q4-2019 and the Fed funds range to remain unchanged at 1.75%-2.00% in 2020.  Key Quotes:  “Inflationary pressure remains modest. We do not expect
Last week it was the worst King dollar is back on the throne. Last week there was fear about Mexican tariffs and this week there was relief. Or last week there was excitement about Fed cuts, now there is worry they won’t materialize. I think it’s instructive to combine the past two weeks. That tells
Matt Hancock, one of the candidates to succeed British Prime Minister Theresa May, has recently announced his decision to withdraw from the Conservative Party leadership contest. “Thank you for all your support. I have decided to withdraw from the race to be the next leader of the Conservative Party. I will now look for the best
A group, Tariffs Hurt the Heartland, sent the letter, saying the tariffs hurt consumers and businesses across agriculture, manufacturing, retail and tech industries. Reuters carry the report, and not in an optimistic way: possible meeting between Trump and Chinese President Xi Jinping at the June 28-29 G20 summit expectations for progress toward ending the trade war
On Friday, in the US, retail sales and industrial production data will be released. Analysts at Wells Fargo expect a 0.7% increase in retail sales headline.  Key Quotes:  “Retail sales have experienced a volatile monthly performance so far this year. In April, headline sales unexpectedly slipped 0.2% on the month, following an exceptionally strong 1.7% gain