Curveball Corners The Fed – Powell Better Choose His Battles Wisely

Posted on June 14, 2019 3:38 pm

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Authored by Sven Henrich via,

If you went panic chasing into stocks following Jay Powell’s ‘ready to act’ speech on June 4 on the expectation for imminent rate cuts you just got thrown a curveball: Economic data just printed than better expected results. Retail sales and industrial production data rebounded from the previous months’ dismal readings. 0.5% for retail sales and 0.4% for industrial production for May.

The Atlanta Fed reacted quickly and updated their Q2 GDP model north of 2%: