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[color=brown][size=5][b]HAPPY FDIC FRIDAY to all 😆
TGIF & beautiful day in SW VA & herd are grazing in our yard 8)
on the WATCHLIST for today — “DO NOT FIGHT THE FED” :woohoo: :woohoo: :woohoo: :woohoo: :woohoo:Fed Chair Jerome Powell to discuss monetary policy in Jackson Hole
https://finance.yahoo.com/news/morning-brief-fed-chair-powell-discuss-monetary-policy-jackson-hole-102121281.html%5B/b%5D%5B/size%5D%5B/color%5D
US July prelim Durable Goods orders -1.7% vs -1.0% expected
Prior +0.8% (revised to +0.7%)
Ex transport +0.2% vs +0.5% expectedCapital goods orders non-defense ex air +1.4% vs +0.2% expected
Prior capital goods orders non-defense ex air +0.2% (revised to +0.6%)
Capital goods shipments non-defense ex air +0.9% vs +0.3% exp
Prior core shipments +0.7% (revised to +0.9%)Powell Speech
August 24, 2018
Monetary Policy in a Changing Economy
Chairman Jerome H. Powell
At “Changing Market Structure and Implications for Monetary Policy,” a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyominghttps://www.federalreserve.gov/newsevents/speech/powell20180824a.htm
“While inflation has recently moved up near 2 percent, we have seen no clear sign of an acceleration above 2 percent, and there does not seem to be an elevated risk of overheating,” Powell said.
Atlanta Fed boosts Q3 GDPNow forecast to 4.6% from 4.3%
But
New York Fed GDP Nowcast cut to 2.0% from 2.4%
Different part of the country but still huge difference
[color=limegreen][b][size=5]Dow 25,790.35 133.37 0.52%
S&P 500 2,874.69 17.71 0.62%
Nasdaq 7,945.98 67.52 0.86%
GlobalDow 3,071.13 15.77 0.52%
Gold 1,212.30 18.30 1.53%
Oil 68.52 0.69 1.02%NEW RECORD SP500 CLOSE 🙂
https://www.marketwatch.com/story/with-record-finish-the-sp-500-just-snapped-a-145-day-drought-2018-08-24%5B/size%5D%5B/b%5D%5B/color%5D[quote=”CautiousInvestor” post=7658][color=brown][size=5][b]HAPPY FDIC FRIDAY to all 😆
TGIF & beautiful day in SW VA & herd are grazing in our yard 8)
on the WATCHLIST for today — “DO NOT FIGHT THE FED” :woohoo: :woohoo: :woohoo: :woohoo: :woohoo:Fed Chair Jerome Powell to discuss monetary policy in Jackson Hole
https://finance.yahoo.com/news/morning-brief-fed-chair-powell-discuss-monetary-policy-jackson-hole-102121281.html%5B/b%5D%5B/size%5D%5B/color%5D
Beautiful photo and what a great backyard! Nicely called on the Fed!
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