Archive for July 17th, 2019

Deeper Analysis

Fed Beige Book Out of Regional U.S. Economic Conditions

July 17, 2019

The Beige Book, covering the period from mid-May to early July¬† identifies modest growth, a positive economic outlook, stable-to-diminishing price pressure, but also “widespread concerns about the possible negative impact of trade-related uncertainty.” This publication, which is prepared prior to each of the eight scheduled policy reviews by the FOMC, offers no contradicting opinions to […] More

New Overnight Developments Abroad - Daily Update

Powell and Price Data in the News

July 17, 2019

President Trump needs a weaker dollar to reinforce his trade policy and enhance his reelection prospects. The means to a weaker dollar lies in getting the Federal Reserve to cut interest rates, if not by knuckling under verbal pressure then by packing the Fed Board with monetary policy doves. Powell overnight made comments suggesting that […] More