Thursday, August 22, 2019

Thursday Evening Links

[Reuters] S&P 500 stalls in economic data offset, ahead of Fed chair's speech

[Reuters] Fed's Powell, under pressure, likely to stick to 'mid-cycle' message

[Reuters] Two Fed officials see no case for rate cut now; Kaplan 'open-minded'

[CNBC] Larry Kudlow says there could be a tax cut before Election Day

[AP] Report shows US deficit to exceed $1 trillion next year

[Reuters] Markets doubt Fed's ability to defend economy, spur inflation

[Reuters] U.S. 30-year, 15-year mortgage rates fall to lowest since Nov 2016: Freddie Mac

[Reuters] US leveraged loan market pauses as recession fears mount

[Bloomberg] Fed’s Regional Presidents Lining Up Against Additional Rate Cuts

[Bloomberg] Larry Summers Says Central Bankers Confront a ‘Black Hole’ For Policy

[WSJ] Powell Faces Challenge Defining Doctrine Around When to Cut Rates

[FT] Yield curve inverts after hawkish Fed remarks

[FT] Investors pull money from hedge funds at fastest pace since 2016

Thursday's News Links

[CNBC] Dow turns negative, giving up earlier gains as recession fears rise

[Reuters] Treasuries - Yields rise on strong European data, ahead of Fed's Powell

[Reuters] U.S. factory sector contracts for first time in a decade: IHS Markit

[Reuters] Fed's George supports keeping rates at current levels -interviews

[CNBC] Esther George says the Fed’s ‘large balance sheet’ may have helped cause the yield curve inversion

[CNBC] Fed’s Harker doesn’t see need for another rate cut, says central bank should stay here ‘for a while’

[AP] China warns US tariffs will ‘escalate trade friction’

[AP] China ‘will not sit idly by’ over US arms sale to Taiwan

[Reuters] France's Macron: No time to negotiate new Brexit deal

[Reuters] ECB eyes stimulus package as growth looks weaker: minutes

[Reuters] Japan August manufacturing shrinks for fourth month as export orders fall: flash PMI

[Reuters] South Korea to scrap intelligence-sharing pact with Japan amid history feud

[Reuters] German businesses continue to underperform in August: PMI

[Bloomberg] Shadow Bank Crackdown Accelerates in India Amid Cash Squeeze

[Bloomberg] Goldman Warns Hedge Fund Outperformance Holds Crowding Risk

[Bloomberg] Das: Markets Should Be Worried About the Music Stopping

[Bloomberg] Hedge Funds Have Already Bled $55.9 Billion This Year

[WSJ] Powell Faces Challenge Defining Doctrine Around When to Cut Rates

[WSJ] Officials See Few Options if Slowdown Hits

[FT] As the Fed Frets, Retailers Rake in Sales

[FT] Fears grow that softer Volcker rule will stoke Wall Street risk

[FT] Stubbornly strong dollar prompts talk of US attack on renminbi