Mindblown: a blog about philosophy.
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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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US Consumer Confidence * (Jun) 109.7 vs. Exp. 104.0 (Prev. 102.3) Present Situation index 155.3 (prev. 148.9) Expectations index 79.3 (prev. 71.5)
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US New Home Sales-Units * (May) 0.763M vs. Exp. 0.675M (Prev. 0.683M)
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Canadian CPI Inflation YY* (May) 3.4% vs. Exp. 3.4% (Prev. 4.4%)
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MORNING MINUTE JUNE 27th
SIDEWAYS MARKETS AS INVESTORS SHRUG OFF THE RUSSIAN REBELLION WHILE THE PROMISE OF MORE STIMULUS IN CHINA DIDN’T HELP WORLDWIDE CONSENSUS THAT RATES WILL STAY HIGHER FOR LONGER
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END OF DAY REPORT JUNE 26th
WITH NOT A LOT GOING ON, A DISGRUNTLED PUTIN IS TOPPING THE HEADLINES TODAY
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MORNING MINUTE JUNE 26th
WOES ABOUT INTEREST RATES AND RUSSIAN COUP/STRIKE HAS GIVEN INVESTORS THE JITTERS AS VOLATILITY GOES HIGHER AND STOCKS LOWER
Got any book recommendations?