๐๐๐Urgent urgent urgent update๐๐๐
๐ Fed Governor Waller: If the supply of US Treasuries begins to exceed demand, this will put upward pressure on the neutral interest rate
Meaning that if the value of US bonds decreases, it will require raising interest rates
๐ด The European Central Bank is likely to cut interest rates next week despite the Fed's hold, and Lane says inflation allows for this. It reduces the risks of premature cuts and underscores the need for the restrictive policy to continue this year.
๐ด Summary of this weekโs data:
. Inflation data (PCE) and interest rate cuts by the European Central Bank this week.
. US: PCE data on Friday and Fed speakers throughout the week.
. European Central Bank: Interest rate cut likely next week, Lane (chief economist) says conditions permit.
. Asian stocks rise, oil rises slightly
๐ด An exclusive Harris poll for The Guardian newspaper showed that 55% of Americans believe that the economy is contracting, in a worrying sign regarding the presidentโs re-election attempt.
๐๐๐ Any news or information issued by me is not advice, so do not forget to use DYOR
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