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Macro Briefing: 20 June 2019

Summary:
Iran shoots down US drone over the Strait of Hormuz: CNNChina’s Xi meets N. Korea’s Kim in Pyongyang: NY TimesUS considering new restrictions on issuing H-1B visas to foreigners: ReutersFed leaves rates unchanged, hints at possible cuts later in year: ReutersFormer Fed governor warns: removing Powell could bring market ‘turmoil’: CNBCUS housing investments rise to record high: WSJFed leaves 2019 GDP growth forecast unchanged at 2.1%: Federal Reserve10-year Treasury yield falls below 2.0%, lowest since November 2016: Bloomberg

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Iran shoots down US drone over the Strait of Hormuz: CNN
China’s Xi meets N. Korea’s Kim in Pyongyang: NY Times
US considering new restrictions on issuing H-1B visas to foreigners: Reuters
Fed leaves rates unchanged, hints at possible cuts later in year: Reuters
Former Fed governor warns: removing Powell could bring market ‘turmoil’: CNBC
US housing investments rise to record high: WSJ
Fed leaves 2019 GDP growth forecast unchanged at 2.1%: Federal Reserve
10-year Treasury yield falls below 2.0%, lowest since November 2016: Bloomberg

Macro Briefing: 20 June 2019

James Picerno
James Picerno is a financial journalist who has been writing about finance and investment theory for more than twenty years. He writes for trade magazines read by financial professionals and financial advisers. Over the years, he’s written for the Wall Street Journal, Barron’s, Bloomberg Markets, Mutual Funds, Modern Maturity, Investment Advisor, Reuters, and his popular finance blog, The CapitalSpectator.

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