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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