Mindblown: a blog about philosophy.
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BoE raises its Bank Rate by 50bps to 5.00% (vs exp. 25bps hike); HIKE VOTE SPLIT: 7-2 for a hike (7 hike, 2 unchanged); MAGNITUDE VOTE SPLIT: 7-2 (7 for 50bps, 2 for unchanged); Dinghra and outgoing member Tenreyro voted for unchanged
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MORNING MINUTE JUNE 22nd
SNB followed by the Bank of England both raised their borrowing rates today and with Fed chairman Powell’s testimony, indicating a further 2 more hikes from the FED by year end, investors are on the backfoot this morning
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Fed Vice Chair nominee Jefferson (voter, dovish) says recent bank troubles represent downside economic risk, watching commercial real estate (CRE) for risks
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Fed Chair Powell says there is an expectation that the ratio of job openings to unemployed people will come down; says that’s a way for labor market to become less tight without having unemployment rise
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MORNING MINUTE JUNE 21st
NOTHING GOING FOR THE SUMMER SOLSTICE AS ALL WE HAVE TO LOOK FORWARD TO IS FED CHAIRMAN POWELL’S SPEECH TO THE HOUSE LATER TODAY
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END OF DAY REPORT JUNE 20th
well, that was fun…stocks softer as investors await comments from Powell to congress tomorrow
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MORNING MINUTE JUNE 20th
AFTER A GREAT RUN, STOCKS ARE AT LEAST STARTING OFF THE SHORTENED WEEK A BIT SOFTER AFTER DISAPPOINTMENT IN THE 10BP RATE CUT BY THE CHINESE GOVERNMENT, SENT THE HANG SEND DOWN OVER 1%
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END OF DAY REPORT JUNE 16th
UP, UP AND AWAY! PUTIN WAR RHETORIC, HAWKISH CENTRAL BANKS, WHO CARES, STOCKS HOLD ON TO GAINS AND FINISH THE WEEK NEAR THE HIGHS
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Russian President Putin said usage of nuclear weapon is possible in theory in case of danger to our territory, but there is no need; we have more such weapons that NATO has
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PUTIN: RUSSIA HAS TRANSFERRED FIRST NUCLEAR WEAPONS TO BELARUS
Got any book recommendations?