The Federal Reserve is expected to deliver a 25bp cut at each of the next five meetings; the target range would also be most likely lowered to 0.75-1.00 percent at the March meeting, according to the latest research report from Danske Bank.
Global Economic Outlook
Labour Market Overview, UK: June 2019
The UK employment rate was estimated at 76.1%, higher than a year earlier (75.6%) and the joint-highest on record.
Fed Rate Way too High – Donald J. Trump ✔
The Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage. Fed rate way too high
European Central Bank (ECB) said it would Delay its First Post-Crisis interest Rate Hike until at Least the Middle of Next Year.
Gold Silver Reports (GSR) – The euro climbed higher against the U.S. dollar on Thursday, after the European Central Bank (ECB) said it would delay its first post-crisis interest rate hike until at least the middle of next year. In a move that was well-flagged, ECB President Mario Draghi also offered to pay banks if they borrow cash from the central bank and pass it on to households and firms.
Fed Keeps Rates Unchanged, Says Inflation Pressure Is Low
The Federal Open Market Committee, or FOMC, just wrapped up its two-day meeting. As expected, the federal funds rate remained the same, but that doesn’t mean that nothing significant happened. In fact, some potentially dovish language has been added to the committee’s statement, which may reduce the probability of further interest rate hikes.
Draghi: The Governing Council stands ready to adjust all of its instruments
Draghi: The Governing Council stands ready to adjust all of its instruments to ensure that inflation continues to move towards the inflation aim
China Data Dump to Show Investment Recovery Continuing in 2019
China’s first batch of major official indicators this year are forecast to show that an investment recovery that began in mid-2018 is set to continue, but the economic slowdown and trade war are still undermining factory output and consumption.