Daily Archive: July 12, 2019

US jobs, CPI data can’t stop the rate cut as the policymakers focus on pre-emptive measures

Friday intraday returns of the Asian shares swayed around zero as Powell comments on Thursday delivered chilling influence on risk assets and was basically spent, investors turned their focus on Chinese trade and money aggregates data while fresh Trump threats to impose sanctions against China could start to override Powell’s optimism. Chinese exports are expected to post contraction in June...

Uber-dovish Powell gives green light for rumors about 50 bp rate cut

Gradual deterioration of consumer and corporate confidence as an aftermath of the trade standoff becomes the central theme of the Fed’s argument in favour of fresh round of monetary stimulus, for the first time in a decade. It became clear from yesterday’s Powell’s speech that macroeconomic data should be temporarily sidelined (as can be concluded from Powell’s quite restrained acknowledgement...