News Regulators Stocks 

U.S. stocks fall after Fed cuts rates a quarter-point, but casts doubt on future stimulus

“The stock fell 49% prior to the freeze, on pace for the largest single-day decline in the stock since it went public in 1982” writes Andrea Riquier for marketwatch.com. Competitor UPS UPS, -1.92%  also saw its stock fall as Trump’s trade war takes its toll on international traffic. Source: marketwatch.com

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News Regulators 

Powell’s dilemma: Easing offsets trade uncertainty, but invites more of the same from Trump

“Its mandate of sustainable economic growth thus requires Powell to attempt to offset the effects of policy uncertainty under Trump” writes Reinhart Vincent Reinhart for marketwatch.com. Global trade may be in recession, but the U.S. economy is not as dependent as its trading partners on global trade.When the Fed tightens its policy, other central banks do not always follow, preferring to allow their currencies to depreciate.And the consolation that by easing policy, the Fed single-handedly induced worldwide monetary accommodation does not get much credit from the White House. Source: marketwatch.com

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Markets News Stocks 

Here’s how retirees should plan for an imminent recession

“The federal government revised downward its estimate of second-quarter GDP growth from an already tepid 2.1% to 2.0%” writes Mark Hulbert for marketwatch.com. It would be going too far, of course, to conclude from these results that recessions are preferable to economic growth.That is, throughout those bear markets, from beginning to end, the U.S. economy was growing. Source: marketwatch.com

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News 

ACY Securities Partners with Finlogix, Adds Trading Widgets

“Australian multi-asset broker ACY Securities announced this Wednesday that it has partnered with Finlogix, in order to offer its customers access to a suite of trading widgets” writes Celeste Skinner for financemagnates.com. The company has developed trading widgets, which aim to help improve traders’ success, such as live market data, real-time HTML 5 charting, an economic calendar and social sharing capabilities.The economic calendar, which according to the statement is “arguably one of the fastest economic calendars in the industry” provides users with a customisable calendar based on their preferences.Speaking on…

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News Oil Regulators 

From oil shocks to funding strains, Fed confronts new complexities

“This is one of the signs that they should reverse course on the balance sheet,” and begin to increase it, said Steven Ricchiuto, chief U.S. economist at Mizuho Securities” writes Midwest Communications Inc for 95kqds.com. The Fed has allowed the size of its balance sheet to decrease as part of its effort to unwind the policies put in place to fight the 2007-2009 recession.The attacks that crippled Saudi Arabian oil facilities over the weekend, which led to a sharp rise in oil prices, only emphasized the point.The Fed is due…

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News Stocks 

FedEx stock down 8% after company lowers outlook on ‘trade tensions’

“The company forecasts fiscal 2020 adjusted earnings between $11 a share and $13 a share” writes Claudia Assis for marketwatch.com. The analysts surveyed by FactSet expect fiscal 2020 adjusted earnings of $14.68 a share.Shares of FedEx Corp. tanked in the extended session Tuesday after the logistics company missed profit expectations for its fiscal first quarter and lowered its outlook for 2020 thanks to “increasing trade tensions” and weaker global economic conditions.The company’s operating results declined primarily due to weakening global economic conditions, increased costs to expand service offerings and continued…

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News 

Blackstone’s Schwarzman: China’s economic ‘miracle’ came at the expense of the US and the West

“They did it with other approaches to intellectual property than are shared in the developed world,” said Schwarzman” writes Matthew J for cnbc.com. “China in the last 40 years had more growth, I think, than any country in history.”So their desire to give all that up and their growth rate is obviously low.”. “It’s going to slow the whole world. Source: cnbc.com

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News Regulators 

Trump’s Fed pick, Shelton, calls for Fed coordination with White House

“The Fed considers its policy independence a bedrock that ensures its ability to help the economy achieve full employment and stable prices, two mandates that Congress has assigned to it” writes Midwest Communications Inc for 95kqds.com. Introducing trade deficits to the Fed’s policy judgments could pose a particular challenge to other Fed goals.If the Fed were to try to pare the trade deficit, that could make it harder to achieve its other goals of 2% inflation and full employment.The framework she hints at, of close coordination between the Fed, the…

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News Oil 

Saudi central bank says 2019 GDP growth will not be far from IMF forecast

“RIYADH (Reuters) – Saudi Arabia’s economic growth this year will not be too far from the forecast made by the International Monetary Fund (IMF), central bank governor Ahmed al-Kholifey said on Tuesday” writes Midwest Communications Inc for 95kqds.com. Kholifey said it was too early to comment on the economic impact of the attacks.The IMF expects the Saudi economy to grow 1.9%, slower than 2.2% in 2018, but some economists are more bearish due to oil output cuts.Asked if there would be impact on bank’s liquidity, he said that the central…

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