Fed Chairman Powell and US Treasury Secretary Mnuchin did testify yesterday in front of the Senate Banking Committee (virtually). Here is the re-live feed. Anything other than the motto “we can do this” in the statements of the two would have been a surprise.
The coronavirus forces the questioning of almost all previous certainties. It is a time of massive upheaval, in which the cards are now being reshuffled. It is now becoming apparent at breakneck speed which business […]
Mortgage applications to buy a property in the US at the end of last week were up 5 percent over the previous week. Compared to the same period a year ago, they were up 18 […]
Despite bad news in the trade war, US indices held up well yesterday. Wall Street views the meeting between Trump and Fed Chairman Powell as positive for the market. Today Trump tweeted that he had […]