Monthly Archives: August 2019

August 2019

Economic Outlook – 18 August 2019

2019-08-20T06:33:15+00:00

US The spread between the US two-year Treasury note and the 10-year note fell below zero for a time this week, setting of a recession warning bells. However, the inversion is not yet persistent, and in the past five such episodes the onset of recession averaged 22 months after inversion. Global bond yields continue to [...]

Economic Outlook – 18 August 2019 2019-08-20T06:33:15+00:00

Economic Outlook – 11 August 2019

2019-08-12T07:11:21+00:00

US Markets opened on Monday to news that China’s onshore USD/CNY exchange rate traded beyond the symbolic 7.00 per dollar for the first time in more than 10 years. This occurred in the wake of President Trump tweeting on August 1 that, “…the US will start, on September 1, putting a small additional Tariff of [...]

Economic Outlook – 11 August 2019 2019-08-12T07:11:21+00:00

Economic Outlook – 4 August 2019

2019-08-05T18:37:24+00:00

US The Fed cut rates for the first time since December 2008, lowering the fed funds rate 25 bps to 2.25% in a move widely telegraphed by Fed officials and wholly anticipated by financial markets. Attention was more focused on the Fed’s next move, and whether or not 25 bps would be sufficient to “sustain [...]

Economic Outlook – 4 August 2019 2019-08-05T18:37:24+00:00