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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