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Fed amplifying its monetary U-turn
The Fed did not change its monetary policy this week (no one was asking it to) but all signs indicate that monetary easing at the meeting of end-July is a near-certainty. By making monetary conditions more accommodative, the Fed is adjusting to weak inflation. This is the official alibi. But the obvious purpose is to “make up for†heightened uncertainty regarding trade and allay the markets’ anxiety. Jerome Powell succeeded this time, but how can he continue doing so if the Trump...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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