Thursday's News Links

[CNBC] Trump says ‘Iran made a very big mistake!’ by shooting down US drone

[Reuters] Fed rate-cut signal sends stocks up, bond yields and dollar down

[Reuters] Gold soars to 5-year peak as US Fed signals rate cut

[CNBC] 10-year Treasury yield drops as low as 1.97%, first time below 2% since November 2016

[Reuters] Oil jumps 3% to $63 as Iran shoots down U.S. drone in Gulf

[Reuters] China, U.S. to resume trade talks but China says demands must be met

[AP] China rejects threats, tariffs as way to resolve trade war

[Reuters] U.S. current account shrinks in first-quarter on weak imports

[Reuters] Bank of Japan holds fire on policy, warns of heightening global risks

[Reuters] Australia's central bank flags lower rates in jobs hunt

[Reuters] Then there were two - Brexit campaigner Johnson far ahead in race to lead Britain

[Reuters] Iran shoots down U.S. military drone in Gulf region

[Bloomberg] Bond Market Screams at Fed: Don't Dawdle on Those Rate Cuts

[Bloomberg] Powell Gave, But the Markets Want Much More

[Bloomberg] Corporate America Is Repatriating a Fraction of Foreign Profits

[Bloomberg] Italian Economy Set to Contract at the Worst Possible Time

[NYT] The Fed Threads the Needle, for Now

[NYT] Globalization Is Moving Past the U.S. and Its Vision of World Order

[WSJ] Gold Surges to Almost Six-Year High After Fed Hints at Rate Cut

[WSJ] Investors Are Buying More of the U.S. Housing Market Than Ever Before

[WSJ] A 10-Year Treasury Yield Below 2% Is Something Almost Nobody Saw Coming

[WSJ] Lawmakers, White House Deadlocked in Budget Talks to Avert Next Shutdown

[FT] China banks face liquidity squeeze in wake of Baoshang takeover

[FT] Don’t have too much faith in our central banking superheroes

[FT] Federal Reserve waits for more information before lowering rates

Wednesday's Evening Links

[Bloomberg] Trump Believes He Has the Authority to Replace Powell at Fed

[Reuters] Stocks approach record as Fed soothes Wall Street's fears

[Reuters] Fed holds rates steady, signals cuts possible later this year

[CNBC] Fed holds rates steady, sees no cuts in 2019

[Reuters] U.S. bond market's inflation gauges rise as Fed hints at rate cuts

[CNBC] Here’s what the stock market liked from the Fed

[Reuters] Banco do Brasil's unsecured debt with Odebrecht at $1 billion: CEO

[Reuters] Exclusive: U.S. tells India it is mulling caps on H-1B visas to deter data rules - sources

[Bloomberg] Fed Leaves Rates Unchanged, Scraps ‘Patient' Approach in Prelude to Possible Cut

[Bloomberg] Pimco Says the Strong Dollar’s Run Is ‘Close to the End’

[Bloomberg] Worst Growth in Decade for India’s Corporate Bond Market Fuels Concern

[WSJ] Fed Holds Rates Steady, Hints at Possible Cut if Outlook Dims

[FT] Fed holds rates but signals more dovish outlook