FED’S POWELL REINFORCES THE ASSUMPTIONS OF A JULY RATE CUT
–Fed Wants to ‘Use its Tools’ To Keep Expansion Going By Denny Gulino WASHINGTON (MaceNews) Market assumptions of a July 31 rate cut became even more entrenched Thursday with Federal Reserve Chairman Jerome Powell’s renewed assertion the central bank is ready to consider more accommodation in the face of signs of weakness elsewhere in the […]
US JUNE BUDGET DEFICIT -$8 BLN; AFTER ADJUSTMENT, -$55 BLN
–Fiscal Year to Date Deficit -$747 Bln; Outlays/Receipts Records –No New Guidance on Debt Limit X-Date; Still Late Summer WASHINGTON (MaceNews) – The June U.S. budget deficit was only $8 billion – until adjustment for shifted benefit payments that boosted it to $55 billion, on the way to what the White House expects will be […]