19 July 2024
Investors seem to have fully price-in all the good news, including the expectation that the Federal Reserve will cut interest rates in September and that a recession is likely to be avoided.
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18 July 2024
The US administration seems to be considering expanding the ban on companies exporting chip-making equipment to China, Bloomberg Businessweek reported on Tuesday; dragging down the Philadelphia SE Semiconductor index by 6.8%, which is the biggest daily decline since March 2020.
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17 July 2024
After stronger than expected US RETAIL SALES data was seen as support for the Federal Reserve's interest rate cut prospects in order to achieve a soft landing.
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16 July 2024
Fed Chairman Jerome Powell said recent inflation data has added to the central bank's confidence that inflation is safely under control, and therefore could make the Fed more willing to cut interest rates (even though inflation has not yet reached the Fed's target of 2%).
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15 July 2024
There is speculation from some market strategists that FED CHAIRMAN JEROME POWELL may be uncomfortable cutting rates before the Presidential Election, although that reluctance could be overridden by concrete economic data that makes it clear that the US economy is clearly slowing & a rate cut is warranted.
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