News 

Fed’s Bullard says economy is slowing down but doesn’t see recession

“Louis Fed President James Bullard said Thursday he thinks the economy is slowing but he’s not too worried about the risk of a recession” writes Senior Economics Reporter for marketwatch.com. “It does seem the economy is slowing down some – not terribly – but some,” Bullard said in an interview on CNBC. Bullard said he expects the economy to slow to a 2.25% annual rate this year from 3% in 2018.”I think you’d have to see some inflation decline or inflation expectations decline…possibly with some economic weakness to get a…

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News Regulators Stocks 

Stocks close higher in wake of Fed minutes; Nasdaq matches winning streak from August

“GRMN, +17.04% rallied 17% after the firm reported fourth-quarter earnings and revenue that surpassed expectations, while increasing its dividend” writes Markets Reporter for marketwatch.com. CVS, -8.10% sank 8.1% after the health-care retailer reported fourth-quarter earnings and revenue that fell short of Wall Street expectations.Cadence Design Systems CDS, +5.04% shares rose 4.6% after the firm reported fourth-quarter results that topped consensus expectations, while raising its first-quarter outlook.LC, -6.65% shares dropped 6.7% after the peer-to-peer lending firm announced fourth-quarter results that fell short of analyst forecasts. Source: marketwatch.com

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Crypto News 

Ongoing Economic Crises in Venezuela and Beyond Show That the Idea of Bitcoin as a Store of Value Is Increasingly Catching On

“And as one might expect, such declines were complemented by upticks in Bitcoin trading” writes Simon Chandler for cointelegraph.com. This is why the recent increases in Bitcoin trading against the Turkish lira haven’t been on the scale of trading against the Venezuelan bolívar.In Venezuela, with inflation currently exceeding 100,000 percent, and with millions of people struggling to feed themselves, these three conditions have certainly met.Venezuela may be the starkest example of how financial crises can encourage cryptocurrency adoption, but it isn’t the only one. Source: cointelegraph.com

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News 

EUR/USD Forecast Feb. 18-22 – Soft German and eurozone data weighing on euro

“The German and eurozone economies are in slowdown mode, as inflation, GDP and manufacturing data continue to struggle” writes Kenny Fisher for forexcrunch.com. We’ll also get a look at German and  eurozone PMIs.If there is a breakthrough in the conflict between the U.S. and China, sentiment could improve for the euro. Source: forexcrunch.com

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News Oil 

Cost of imported goods fall for third straight month, offering more evidence of waning inflation

“The drop in imported oil prices and other foreign goods is also lending a helping hand” writes Jeffry Bartash for marketwatch.com. What happened: The cost of imported fuel decreased 3.2% in January and it’s fallen 22.5% in the past three months.Lower oil prices once again played a big role in the declining cost of imports, but the price of a variety of consumer and industrial goods also fell. Source: marketwatch.com

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News Regulators 

USD: US CPI: Nothing In It To Sway The Fed From Doing ‘Nothing’ For Now – CIBC

“Core price were up 0.2%, on expectations, with the 12 month rate holding at 2.2% (a tick above consensus)” writes Yohay’s Google Profile for forexcrunch.com. Nothing in this to sway the Fed from doing what its doing now, which is nothing at all on rates until the economy provides more evidence on how its holding up in 2019,” CIBC adds.Here is their view, courtesy of eFXdata: “By the magic of seasonal adjustment and methodology revisions, US CPI managed to be both a bit hotter and a bit cooler than expectations…

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News 

Jobless claims climb again in February; chink in labor market’s armor?

“Weekly jobless claims, meanwhile, rose by 4,000 to a seasonally adjusted 239,000 in the seven days ended Feb. 9, the government said Thursday” writes Jeffry Bartash for marketwatch.com. The four-week average of new jobless claims climbed by 6,750 last week to 231,750, marking the highest level since the January 2018, the government said Thursday.The numbers: The number of people who applied for jobless benefits over the last month rose to a one-year high, a possible sign the U.S. labor market might be losing some steam. Source: marketwatch.com

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News 

Inflation flatlines in January thanks to lower gas prices, CPI shows

“Another closely watched measure of inflation that strips out food and energy rose 0.2% last month” writes Jeffry Bartash for marketwatch.com. The numbers: The cost of consumer goods and services were unchanged in January largely thanks to falling gas prices, another sign inflation poses little threat to the economy right now.Real or inflation-adjusted wages rose 0.2% in January to bring the yearly increase to 1.7%.What’s more, the increase in the cost of living over the past 12 months slowed to 1.6% from 1.9%. Source: marketwatch.com

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Futures News Stocks 

Stock futures gain on trade optimism; inflation data eyed

“ET is expected to show that the consumer price index rose 0.1 percent in January after recording a drop of 0.1 percent in December” reports businessinsider.com. The fourth-quarter earnings season is in the last leg, and about 71 percent of S&P 500 companies that have reported have beaten consensus estimates.Traders work on the floor of the NYSE in New York Thomson Reuters By Amy Caren Daniel (Reuters) – U.S. stock index futures rose on Wednesday, driven by optimism over the ongoing U.S.-China trade talks, and as investors awaited the latest…

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Markets News Regulators 

Public confidence in inflation policy key to containing prices: paper

“Giving people a reason to doubt the central bank’s commitment to maintaining inflation near target is clearly costly.”” reports businessinsider.com. (Reuters) – Keeping the public confident inflation will be contained is key to keeping price rises contained, San Francisco Federal Reserve economists said in a paper on Monday that also suggested the unemployment level is all but irrelevant to the inflation trajectory.The research from the San Francisco Fed, which is viewed as a leader in labor market research, could play importantly into the central bank’s thinking on interest rates.But when…

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