Powell Spurs Equity And Bond Market Rally, While The Greenback Falls Out Of Favor

Seeking Alpha | Jul 11, 2019 at 12:45 PM
  • Fed’s Powell confirmed a Fed rate cut at the end of this month by warning that uncertainties since the June FOMC had “dimmed the outlook” and that muted price pressures may be more persistent.
  • With soft price pressures, including yesterday’s reported decline in producer prices, the BOJ will struggle to steepen the yield curve.
  • The June CPI report today will confirm the softness of price pressures.