Market Overview, August 21

We expect the Fed minutes, as well as reports on housing and oil reserves.

Economic News
2019年8月21日

Today investors expect the publication of the minutes from the Federal Reserve’s most recent meeting. The report should come at 18:00 GMT.

Even though the Federal Reserve has been extremely careful not to promise any further monetary policy adjustments after the first rate slash they implemented recently, investors will be reading the report with keen eyes, looking for clues for another rate cut. Right now bids for a September cut are rising, but if anything like that is coming so soon, there must be clues in the minutes.

The Federal Reserve is independent of the President, yet Donald Trump has continued to argue for a more aggressive loosening of monetary policy. The US President wants a whole 1% decrease in interest rates, plus a stimulus package, supposedly to make the dollar weaker and ease trade.

Before the minutes are released, we also expect data on home sales in July. The report is forecasted to show a 2.5% growth. If it doesn’t, it won’t bode well.

Today there will also be the weekly publication of the Energy Information Administration’s report on crude oil inventories.

Anna Sneider

Economic News

August 20: Digest Review

The market is expected to be very calm today amid the absence of macroeconomic reports and news.

Stanislav Litinskyi
2019年8月20日

Economic News

A Tough Day for the EUR

News from Italy and Germany is weakening the euro today.

Anna Sneider
2019年8月20日

Economic News

Trump Dismisses Recession Fears

The US President said the trade war is not posing a risk to the economy.

Anna Sneider
2019年8月19日