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News

Fed's Evans: Until cost pressures lead to inflation, I'm happy to wait and see

  • Economy in the first quarter is looking stronger than it did in December
  • Inflation is a bit lower than I would like it to be
  • Looking for U.S. GDP growth of 1.75%-2.00% this year
  • Fundamentals continue to be quite good
  • The unemployment rate is likely to go sideways or down a little bit
  • What is concerning me is that inflation is not hitting 2%
  • I'm quite comfortable with everything we did on rates
  • We can continue to probe wage growth
  • Happy to be data-dependent and see how things play out
  • I can see the funds rate being unchanged into the fall Of 2020
  • A recession would be unexpected
  • We have less capacity to cut rates if we get into a downturn 

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17:37 19.07.2019
ECB to use July meeting to steer towards a rate cut in September - Rabobank
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17:36 19.07.2019
U.S. consumer sentiment index rise slightly less than forecast in early July
A report from the University of Michigan revealed on Friday the preliminary reading for the Reuters/Michigan index of consumer sentiment rose to 98.4 in early July.Economists had expected the index would increase to 98.5 this month from June’s final reading of 98.2.According to the report, the index of current U.S. economic conditions edged down to 111.1 in July from 111.9 in the previous month. Meanwhile, the index of consumer expectations rose to 90.1 this month from 89.3 in June.
16:46 19.07.2019
Canada's retail sales soft again in May – RBC
Nathan Janzen, the senior economist at Royal Bank of Canada (RBC), notes that the Canadian retail sales fell 0.1% in May and excluding prices, sales were down 0.5%.“The details of the May report don’t look quite as soft as the headline.  Most of the month-over-month decline was attributed to an unusually large 2.0% drop in food & beverage store sales that will probably reverse at some point.  Sales increased in 7 of 11 subsectors – including another sizeable monthly rise in sales
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