Daily Archives: Jul 17, 2019 at 07:52 am EDT

Fed Chair Powell Vows To Support The US Expansion

It was far from the equivalent of Mario Draghi’s muscular “whatever it takes” comment in 2012, when the European Central Bank president famously outlined his resolve to save the euro. Yesterday’s comments from Federal Reserve Chair Jerome Powell were considerably more nuanced, in part because the US economy is in far better shape than the euro area, either in 2012 or today. Yet Powell’s remarks still serve as a reminder that US growth has slowed and so the Federal Reserve is focused on extending the expansion, which is set to become the longest on record at the end of this month.

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Macro Briefing: 17 July 2019

Will Washington sanction Turkey over Russian arms deal? CNBC
Big tech faced tough questions in Congress on Tuesday: AP
China and Vietnam remain in standoff over South China Sea dispute: Reuters
Japan-South Korea trade battle escalates: CNBC
Amazon faces European probe over 3rd party selling: WSJ
Import prices for the US fell in June by the most in 6 months: MW
Confidence among US home builders remained strong in July: HousingWire
Industrial output for US contracted in Q2: MW
US retail sales increased at moderate 3.4% annual pace in June: