Daily news

InsingerGilissen, 11 JUL 2019

Better safe than sorry is the meaning of Fed chair Powell’s statement that ‘an ounce of precaution is worth more than a pound of cure’. By saying those words he cemented, in the minds of investors, a July rate cut. Even if he recognized that the recent jobs data were good, the fact that globally there is still a lot of economic uncertainty and that domestic inflation levels remain below the 2% target, plead for an easier monetary stance. That about sums it up.