Post
Be Boo
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🇺🇸 DATA MACRO U.S 🇺🇸
🚨A NEW SHUTDOWN?!🚨
It is confirmed, the rates remain unchanged as we mentioned last week.
We will not go into detail here as we did last week and we will discuss it a bit further down.
The macro news of the week is Trump's announcement for the new chairman of the FED.
It is Kevin Warsh, whom Trump had already hesitated to nominate in 2017, but ultimately chose Powell.
Even though Trump nominated him, this decision still needs to be approved by the Senate to be final.
Kevin Warsh was known to be more hawkish before completely changing his stance by expressing his views on the policy currently pursued by the FED, with which he seems to disagree, just like Trump.
This is surely THE reason why Trump chose him; he knows he will be much more accommodating than Powell, normally...
Final point before moving on to the data: The Shutdown that is once again rearing its head.
The U.S. has just entered a partial Shutdown today.
Even though the Senate approved the new budget, the House of Representatives has not yet done so in its entirety, thus pushing the country to enter another partial shutdown in the meantime.
We say partial because it is only a part of the agencies that are affected.
(We always keep in mind that the lower the rates go, the more institutional investors will have liquidity to invest in risky markets.)
This week we see:
🔶Durable Goods Orders - Orders Index
🔶FED Interest rate decision - FED's key rate
🔶Jobless claims - Unemployment registrations
🔶PPI - Producer Price Index
🚨A NEW SHUTDOWN?!🚨
It is confirmed, the rates remain unchanged as we mentioned last week.
We will not go into detail here as we did last week and we will discuss it a bit further down.
The macro news of the week is Trump's announcement for the new chairman of the FED.
It is Kevin Warsh, whom Trump had already hesitated to nominate in 2017, but ultimately chose Powell.
Even though Trump nominated him, this decision still needs to be approved by the Senate to be final.
Kevin Warsh was known to be more hawkish before completely changing his stance by expressing his views on the policy currently pursued by the FED, with which he seems to disagree, just like Trump.
This is surely THE reason why Trump chose him; he knows he will be much more accommodating than Powell, normally...
Final point before moving on to the data: The Shutdown that is once again rearing its head.
The U.S. has just entered a partial Shutdown today.
Even though the Senate approved the new budget, the House of Representatives has not yet done so in its entirety, thus pushing the country to enter another partial shutdown in the meantime.
We say partial because it is only a part of the agencies that are affected.
(We always keep in mind that the lower the rates go, the more institutional investors will have liquidity to invest in risky markets.)
This week we see:
🔶Durable Goods Orders - Orders Index
🔶FED Interest rate decision - FED's key rate
🔶Jobless claims - Unemployment registrations
🔶PPI - Producer Price Index
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