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Risks to Financial Stability Fan Speculation of Emergency Rate Cuts
The Black Monday talked about over the weekend has materialized. Japanese equity indices more than 12% today. The Nikkei is off around 26.5% form the high set on July 11. Taiwan and South Korean equities were tagged for more than 8% in a sea of red that spared no one. Europe's Stoxx 600 is off 2.4%, nearly matching its pre-weekend loss. It is back at levels last seen in February. The S&P 500 futures are off almost 3% and the Nasdaq futures are down about 4.5%. Haven flows into fixed income saw the 10-year JGB yield tumbled nearly 16 bp to 0.77%. European benchmark 10-year yields are down mostly 2-4 bp, with the ... (full story)
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From dailyforex.com|Aug 5, 2024Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of $0.6465, $0.6505, or $0.6585. Put the stop loss 1 pip above the local ...
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From @DeItaone|Aug 5, 2024|1 commentpost: FED'S GOOLSBEE: JOBS NUMBER WERE WEAKER THAN EXPECTED BUT NOT LOOKING YET LIKE RECESSION post: FED'S GOOLSBEE: YOU ONLY WANT TO BE THAT RESTRICTIVE IF THERE IS FEAR OF OVERHEATING; DATA DOES NOT LOOK LIKE ECONOMY IS OVERHEATING FED'S GOOLSBEE: FED HAS BEEN IN A RESTRICTIVE POSTURE - CNBC post: FED'S GOOLSBEE: WE MUST BE A LITTLE CAREFUL OVERCONCLUDING ABOUT THE JOBS REPORT. post: FED'S GOOLSBEE: ECONOMIC GROWTH CONTINUES AT A STEADY LEVEL. post: FED'S GOOLSBEE: ON THE OTHER SIDE, THE GDP NUMBER WAS A BIT STRONGER THAN EXPECTED.
From @DeItaone|Aug 5, 2024|9 commentspost: FED'S GOOLSBEE: IF ECONOMY DETERIORATES, THE FED WILL FIX IT post:
BREAKING: FED'S GOOLSBEE, WHEN ASKED ABOUT AN EMERGENCY CUT: EVERYTHING IS ALWAYS ON THE TABLE INCLUDING RAISES AND CUTS. post: FED'S GOOLSBEE: IF WE ARE NOT OVERHEATING, WE SHOULD NOT TIGHTEN OUR RESTRICTIVENESS IN REAL TERMS || SAYS WE SHOULD RESPOND TO CONDITIONS ON THE BROAD THROUGH LINE; INFLATION IS WAY DOWN AND EMPLOYMENT IS AT RELATIVELY DECENT SPOT post: FED'S GOOLSBEE: THE FED'S JOB IS NOT TO REACT TO ONE MONTH'S NUMBERS ON JOBS. post: FED'S GOOLSBEE: IF THE STOCK MARKET MOVES GIVES THE FED INDICATION OVER A LONGER-ARC THAT WE ARE LOOKING AT DECELERATION IN GROWTH, WE SHOULD REACT TO THAT.
From cnbc.com|Aug 5, 2024|2 commentsAs a global market sell off continues amid fears of a looming U.S. recession, the Federal Reserve may have little room for manoeuvre, investor Cole Smead warned Monday. Smead, who ...