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Saturday, June 22, 2019

Citibank and Fed Kashkari look towards a 50bp cut in July 2019.

https://sg.finance.yahoo.com/news/citi-sees-case-fed-cut-213503893.html

https://finance.yahoo.com/news/minneapolis-fed-president-kashkari-advocated-for-50-basis-point-rate-cut-140027452.html

Wow! Wow!

Look like the Fed and Citi are expecting a very bad GDP number to come out in July.  This means that the US economy is deteriorating fast and furious now because of the US-China trade war.

1 comment:

Eric Ho said...

https://finance.yahoo.com/news/ubs-fed-interest-rate-cut-risk-management-but-it-may-not-happen-at-all-194217143.html

UBS also expects the US Fed to cut 50bp in July 2019.