Attorney General William Barr speaks alongside Deputy Attorney General Rod Rosenstein, right, and acting Principal Associate Deputy Attorney General Edward O'Callaghan, left, about the release of a redacted version of special counsel Robert Mueller's report during a news conference, Thursday, April 18, 2019, at the Department of Justice in Washington.
As everyone knows, the year started off with investors expected two to four rate hikes. Now there are none. Stocks have risen ever since. Investor, business and consumer sentiment remains strong. For once, the Fed might not kill a growing economy. Evans also added that interest rates could move either way, up or down, which is highly vague, not to mention obvious.
Good bye 4% Treasury yields, a number many believed was right around the corner just three short months ago. For the uber-dovish Bullard, his concern is in a sustained inversion of the yield curve, often a precursor to a recession. Barr and Rosenstein said the Special Counsel investigating Trump found no evidence of collusion with Russia. Dialing that back would be negative for Trump, and negative for Russian stocks which are now at record highs. Photographer: Erik Lesser/Pool via BloombergMeanwhile, with the White House adopting a “personnel is policy” approach, Kudlow has been instrumental in promoting the potential nominations of people likeand Herman Cain.
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