Wall Street och Stockholm 19 september 2024
Tesla i täten på Wall Street – index slog nya rekord
S&P 500 hits all-time high to extend this year’s jump to 20%
Jobless claims fall to lowest since May in solid labor market
Wall Street traders betting the Federal Reserve will be able to engineer a soft landing
Bloomberg 19 september 2024 at 20:21 CEST
The Federal Reserve Pivots
Jerome Powell says the economy is strong but still cuts rates by 50 basis points.
These contradictory signals highlight the risk the Fed is taking with its new rate-cutting path. Mr. Powell’s bet seems to be that inflation is sufficiently whipped that the Fed can ease aggressively now to forestall a slowdown that hasn’t arrived.
He may be right. But it’s notable that the FOMC registered its first dissent since June 2022
If Mr. Powell is wrong about inflation—if it doesn’t continue its deceleration back to 2%—the Fed’s credibility will take another major blow that it can’t afford.
These columns have argued that monetary conditions aren’t as tight as the Fed claims, and easing aggressively in what Mr. Powell says is a strong economy is a gamble.
Bloomberg Editorial Board 18 September 2024
Europe’s quest for ‘industrial sovereignty’ has gone horribly wrong - Northvolt
https://englundmacro.blogspot.com/2024/09/europes-quest-for-industrial.html
The central bank cut interest rates by 50 basis points and yet
https://englundmacro.blogspot.com/2024/09/the-central-bank-cut-interest-rates-by.html
The long-anticipated Fed pivot
The long-anticipated Fed pivot (englundmacro.blogspot.com)
Stock Market Data CNN
https://edition.cnn.com/markets
Kraftigt uppåt på Stockholmsbörsen – SBB i topp
Dagen innan
https://englundmacro.blogspot.com/2024/09/wall-street-och-stockholm-18-september.html
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