Wednesday, May 1, 2019

Wednesday Evening Links

[Reuters] Wall Street drops after Fed chair dampens rate-cut hopes

[CNBC] Fed holds rates steady

[CNBC] Here’s the one word from Jerome Powell that has people raising their eyebrows

[AP] Fed signals neither a rate hike nor a cut is likely soon

[Reuters] Oil prices fall as U.S. crude stocks climb to highest since September 2017

[CNBC] A US-China trade deal is ‘possible’ by next Friday, sources say

[Reuters] U.S. factory activity at 2-1/2-year low, points to slowing economy

[CNBC] Luxury home sales see biggest slump in nearly a decade

[Reuters] Venezuelan protests peter out as Maduro hangs on; U.S. and Russia squabble

[Bloomberg] Powell Downplays Tepid Inflation, Showing No Bias to Hike or Cut

[Bloomberg] Powell Seeks to Assert Control Over Fed Funds With IOER Tweak

[WSJ] Fed Holds Rates Steady, Signals Concern Over Sluggish Spending, Low Inflation

[WSJ] The Fed’s Inflation Problem

[FT] Chinese techs revel in convertible-bond boom

Wednesday's News Links

[Reuters] S&P 500 at record high as Apple powers rally ahead of Fed decision

[Reuters] Oil steady on swelling U.S. stockpiles, Venezuela uncertainty

[Reuters] U.S. economy appearing to slow; labor market strong

[CNBC] Private payrolls surge by 275,000 in April, blowing past estimates and biggest gain since July

[Reuters] China, U.S. hold 'productive' trade talks in Beijing

[AP] Trump: Better Fed policies would give economy ‘rocket’ boost

[Reuters] U.S. may lose borrowing authority in second half of 2019: Treasury

[Reuters] The debate behind Trump's move to tighten Iran oil sanctions

[Reuters] Venezuela's Guaido calls for 'largest march in history' in uprising effort

[Bloomberg] It’s a Perilous Environment for Corporate Earnings

[WSJ] What to Watch at This Week’s Fed Meeting

[WSJ] Upward Move on Key Market Rate Could Bring Fed Response

[WSJ] $2 Trillion From Whom?

[FT] Federal Reserve to defy Trump and hold rates steady

[FT] Hedge funds pile into bets on continued calm

[FT] Big banks are struggling to get to grips with life after Libor