Macro Briefing: 19 July 2019

Fed officials reaffirm expectations for a rate cut: Bloomberg
US says it destroyed Iranian drone that threatened Navy ship: Reuters
Iran denies it lost a drone due to US fire: USA Today
Trump to pick son of late Supreme Court Justice Scalia to lead Labor Dept: The Hill
S. Korea embraces boycott of Japanese products as trade row deteriorates: WSJ
US jobless claims rose last week but remain near multi-decade low: CNBC
US Leading Economic Index in June points to ‘moderation’ in growth in 2H: CB
Philly Fed’s ADS Index continues to indicate low US recession risk: