Mindblown: a blog about philosophy.
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US Initial Jobless Claims w/e 239.0k vs. Exp. 265.0k (Prev. 264.0k)
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US GDP Sales Final* (Q1) 4.2% vs. Exp. 3.5% (Prev. 3.4%)
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US GDP Final* (Q1) 2.0% vs. Exp. 1.4% (Prev. 1.3%)
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US Core PCE Prices Fnal* (Q1) 4.9% vs. Exp. 5.0% (Prev. 5.0%)
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MORNING MINUTE JUNE 29th
FED CHAIRMAN POWELL INDICATED THAT THERE COULD BE 2 MORE RATE HIKES BEFORE THE END OF THE YEAR, BUT THE STOCK MARKET DIDNT SEEM TO CARE MUCH AS THE S&P HOLDS ABOVE THE 4400 LEVEL
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MID YEAR ECONOMIC OUTLOOKS FROM THE BIG HOUSES
ITS THAT TIME OF YEAR WHEN ALL THE MAJOR BANKS PUBLISH THEIR ECONOMIC OUTLOOKS, MANY DIFFER SO TAKE YOUR PICK OF WHO TO FOLLOW; BLACK ROCK; An ounce of optimism, a pound of prudence. It’s still a good time to be measured about taking risk in equities, but we believe the longer-term horizon holds particular […]
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Fed Chair Powell, when asked whether calling it a skip or a pause, says what we are calling it is maintaining the FFR at the current level; policy hasn’t been very restrictive for very long – Sintra conference
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ECB President Lagarde says there is still policy ground to cover; ECB is data dependent, and if baseline stands, ECB will likely hike again in July Says September decision will also be data dependent
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MORNING MINUTE JUNE 28th
US CONSUMER CONFIDENCE IS ON THE UP, DESPITE MANY HEADWINDS THE BELIEF IS THAT WE ARE WINNING THE FIGHT AGAINST INFLATION
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END OF DAY REPORT JUNE 27th
Not even a report from HSBC warning of a US recession this year followed by one in Europe could keep stocks down
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