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Macro Briefing: 19 July 2019

Summary:
Fed officials reaffirm expectations for a rate cut: BloombergUS says it destroyed Iranian drone that threatened Navy ship: ReutersIran denies it lost a drone due to US fire: USA TodayTrump to pick son of late Supreme Court Justice Scalia to lead Labor Dept: The HillS. Korea embraces boycott of Japanese products as trade row deteriorates: WSJUS jobless claims rose last week but remain near multi-decade low: CNBCUS Leading Economic Index in June points to ‘moderation’ in growth in 2H: CBPhilly Fed’s ADS Index continues to indicate low US recession risk:

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Fed officials reaffirm expectations for a rate cut: Bloomberg
US says it destroyed Iranian drone that threatened Navy ship: Reuters
Iran denies it lost a drone due to US fire: USA Today
Trump to pick son of late Supreme Court Justice Scalia to lead Labor Dept: The Hill
S. Korea embraces boycott of Japanese products as trade row deteriorates: WSJ
US jobless claims rose last week but remain near multi-decade low: CNBC
US Leading Economic Index in June points to ‘moderation’ in growth in 2H: CB
Philly Fed’s ADS Index continues to indicate low US recession risk:

Macro Briefing: 19 July 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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