I posted earlier on confirmation from the Federal Reserve that Jerome Powell will be speaking at Jackson Hole
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
Eurozone July final CPI figures to come – Gold Silver Reports
Gold Silver Reports – Happy Friday, everyone! Hope you’re all doing well as we begin to wrap up the trading week. I also hope the trading week so far has been a profitable one for you – though I’m sure most of our readers tend to be – but here’s a little something that Greg shared overnight to get you into the right mindset.
China: Cutting our GDP forecast – Gold Silver Reports
A race between government stimulus and damages from trade war
China’s overall economic performance in terms of GDP depends on whether fiscal stimulus and monetary easing are big enough and happening fast enough to offset the negative impact on exports and related manufacturing activity from the ongoing trade war.
I have Just Authorized a Doubling of Tariffs on Steel and Aluminum with Respect to Turkey as their Currency, the Turkish Lira, Slides Rapidly Downward
I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against …
Feds Evans: Economic Fundamentals Strong, Labor Market Still Improving
Speaking to Reporters : –
Fed’s Evans speaks to reporters and his comments are a bit hawkish:
✅ economy generating inflation close to Feds 2% goal
✅ sees Fed becoming restrictive in 2020 but could be 2019
✅ trade tariffs adding some uncertainty
ECB Releases its Economic Bulletin for its July Meeting
✅ Indicators point to broad-based growth still ✅ But at a somewhat slower pace than that in 2017 ✅ Threat of protectionism remains prominent ✅ Risk of heightened market …
Still Talking About BOE Hikes? Some Are Already Betting on a Cut
They are building positions in money-market options that pay off if broad market expectations swing toward a rate reduction as early as March — which happens to be the deadline for Brexit. Simply put, they are looking to profit on a potential policy response from BOE should the U.K. leave the European Union without a deal.