More Powell; France's tech tax; Market records

London 1. More Powell: Federal Reserve chair Jerome Powell has hinted at an interest rate cut later this month, sending stocks to record highs.

Powell appeared to make the case for a cut in remarks to Congress on Wednesday. In his semi-annual testimony, he cited anxiety around unresolved trade tensions and worries over the weakness of the global outlook, while noting that inflation continues to run below the Fed's target. A strong jobs report for June hasn't changed the outlook, he added."Since the June [Fed] meeting and for a period before that, the data have continued to disappoint," he said.

Thursday — US inflation rate; China balance of trade; Delta earnings; Powell testifies in the Senate

Poof.! And just like that women soccer is gone.. hahaha

The economy is NOT ok....

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Trump and the stock market are spooking Powell into making this rookie mistakePowell, who has been bullied by President Trump, is making a rookie mistake, RexNutting says. And don't think for a second his tormentors will be satisfied with just one quarter-point cut. RexNutting the U.S. economy needs half of point, at least, it would be sweeet.🍰 RexNutting Sounds like another paulkrugman prediction 😆 💰 RexNutting Don’t listen to the man he is a dumbo💩👺👹🤡
Source: MarketWatch - 🏆 3. / 97 Read more »