Mindblown: a blog about philosophy.
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WSJ’s Timiraos tweets, citing Fed watcher Tim Duy, “Powell’s Freudian “skip” suggests a July rate rise is the base case, even though (as always) the economy can intervene”
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ECB President Lagarde (opening statement): key ECB rates will be taken to levels determined sufficiently restrictive to bring inflation back to target; core-HICP projections lifted, GDP lowered
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US Retail Ex Gas/Autos * (May) 0.4% (Prev. 0.6%, Rev. 0.5%)
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US NY Fed Manufacturing (Jun) 6.6 (Prev. -31.8)
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US Initial Jobless Claims w/e 262k (Prev. 261.0k, Rev. 262k)
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US Philly Fed Business Indx* (Jun) -13.7 (Prev. -10.4)
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US Retail Sales MM * (May) 0.3% (Prev. 0.4%, Rev. 0.4%)
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ECB policy statement comparison
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EU ECB Marginal Lending Rate (Jun) 4.25% vs. Exp. 4.25% (Prev. 4.00%)
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MORNING MINUTE JUNE 15th
FED KEPT RATES UNCHANGED AS EXPECTED BUT INDICATED THAT FED OFFICIALS EXPECT ANOTHER 50 BASIS POINTS OF HIKES BEFORE THEY REACH THE PEAK. MEANWHILE THE ECB AND BoE WILL CONTINUE THEIR HIKING CYCLES
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