Donald Trump may want to watch what he wishes for. If Federal Reserve boss Jerome Powell does what the president wants, American assets could lose their appeal as a global haven.
Fed
Trade Tensions and the Fed Shift the Market – Gold Silver Reports
Has the stock market reached a turning point? While such moments are incredibly difficult to call—most investors would do well to avoid trying to time the market—a few signals have appeared suggesting a shake-up among the leaders and laggards may be afoot.
Trump Has Good Reason To Be Upset With The Fed – Gold Silver Reports
Gold Silver Reports (GSR) – President Donald Trump is going where he’s not supposed to once again, criticizing the Fed and his hand-picked chairman, Jerome Powell. In this case, he’s got a point: The Trump Fed has sped up its rate-hiking plans to offset the Trump tax cuts, even though policymakers expect economic growth to slow. The bond market, via the flattening Treasury yield curve, is worried too.
The Fed’s Annual Monetary Policy Symposium (organized by the Federal Reserve of Kansas City) will be on August 23 to 25
Gold Silver Reports (GSR) – The theme this year is on “Changing Market Structure and Implications for Monetary Policy”
✅ It will be attended by the elite of the global central banking world and various other big wigs (I think my invitation might have got lost in the mail)
✅ Usually the head of the Fed, the ECB and BOJ attend, along with BoE and so forth.
Red Alert : Fed head Powell Testimony Tuesday – What to Expect
Gold Silver Reports (GSR) – A real quick preview of Federal Reserve Chair Powell before the Senate Banking and House Financial Services Committees:
📌 The Senate Banking Committee is on Tuesday (date17 July 2018 1400GMT)
📌 House Financial Services Committee is Wednesday (1400GMT again)
Stocks in Asia Retreat After Fed
Gold Silver Reports (GSR) – Stocks in Asia Retreat After Fed — Asian stocks tracked U.S. shares lower after the Federal Reserve said inflation is close to its target, without indicating any need to waver from its path of gradually tightening monetary policy. The dollar declined.
Fed Says Tariff Concerns Cloud Otherwise Solid U.S. Outlook
Gold Silver Reports (GSR) – Fed Says Tariff Concerns Cloud Otherwise Solid U.S. Outlook — New tariffs and concerns “Outlooks remained positive, but contacts in various sectors including manufacturing, agriculture and transportation expressed concern about the newly imposed and/or proposed tariffs,” the Fed said in its Beige Book report released Wednesday in Washington. That concern was later echoed by New York Fed President William Dudley, who told an audience in the Bronx that a tariff war would be a “terrible outcome” which the U.S. couldn’t win.