Speaking on CNBC He adds: Hassett is Chair of the Council of Economic Advisors (CEA).Details
Ex San Francisco Fed Chair, takes over in NY Today is the first day for the new NY Fed President. John Williams, who was the President of the San Francisco Fed, is taking over the more powerful NY Fed from the retiring William Dudley. The NY Fed Pres. has a permanent position on the…Details
Only data today.
May index 70 he NAHB housing market index for June came in at 68 versus 70 expected. That was also lower than the 70 in May. The index remains near high levels but off the December high at 74.0. That was an 18 year high.Details
Trades at session highs The S&P and Nasdaq are staging a little recovery after the swoon in early trading and trades at the day highs. The Dow is down -182 points. It lags the broader indices.Details
10 year yields lower. Gold little changed. US yield recover as do US stocks The European major stock indices are ending the session lower with the German Dax leading the way. Trade concerns and immigration problems in Germany, have investors nervous. The German Dax is now down on the year (down about -0.6%).Details
FT reporting The FT is reporting that Brexit is unlikely until the end of year. They cite a continued deadlock between EU and UK on the Irish border situation.Details
Comments by the IMF in its report on Switzerland Well, the SNB only needs to look towards one central bank for reference/guidance and that’s the ECB. With Draghi and co. set to keep rates steady until “at least through the summer of 2019”, I would expect a similar approach by the SNB as well.Details