The Federal Open Market Committee’s quarterly economic forecast includes the so-called dot plot of where members see interest rates heading.
— Read on www.cnbc.com/2019/06/19/federal-reserve-dot-plot-june-2019.html
Canopy CEO Bruce Linton Is Your Friendly Canadian Weed Guy
His $15 billion company is ready whenever America is.
— Read on www.bloomberg.com/features/2019-canopy-cannabis-bruce-linton-canada-weed/
Growth in Global Financial Wealth Screeched to a Halt in 2018 – Bloomberg
Gains in global personal wealth ground to a near-halt in 2018, rising just 1.6% for the weakest growth in five years.
— Read on www.bloomberg.com/news/articles/2019-06-20/growth-in-global-financial-wealth-screeched-to-a-halt-in-2018
Canadian Inflation Surges as Core Rate Hits Highest Since 2012 – Bloomberg
Canadian inflation quickened in May on increases across the board, giving the Bank of Canada plenty of scope to hold interest rates steady.
— Read on www.bloomberg.com/news/articles/2019-06-19/canadian-inflation-surges-as-core-rate-hits-highest-since-2012
Trump Tweets Draghi Over Euro Drop Adding Currency to Trade War – Bloomberg
President Donald Trump has already given the global economy trade wars. Now there are signs he may be gearing up for a currency war, too.
— Read on www.bloomberg.com/news/articles/2019-06-19/trump-adds-currency-wars-to-the-mix-as-trade-tensions-simmer
Bernard Arnault, Jeff Bezos, Bill Gates Worth $100 Billion Each – Bloomberg
Bernard Arnault, Europe’s richest person, just joined Jeff Bezos and Bill Gates in the world’s most exclusive wealth club with a fortune of at least $100 billion.
— Read on www.bloomberg.com/news/articles/2019-06-18/arnault-joins-bezos-gates-in-most-exclusive-billionaires-club
Federal Reserve Holds: Rates Unchanged, but Signals Ready to Cut – Bloomberg
The Federal Reserve signaled it was ready to lower interest rates for the first time since 2008, citing “uncertainties” that have increased the case for a cut as officials seek to prolong the near-record U.S. economic expansion.
— Read on www.bloomberg.com/news/articles/2019-06-19/fed-scraps-patient-rate-approach-in-prelude-to-potential-cut
Is Pot Legal In New York? State Lawmakers Won’t Approve This Year – Bloomberg
New York state lawmakers couldn’t approve marijuana legalization this session, and the legislature is now considering a back-up bill that would expand access to the drug for medical reasons and decriminalize its possession for recreational purposes.
— Read on www.bloomberg.com/news/articles/2019-06-19/new-york-state-lawmakers-end-push-to-legalize-pot-this-year
Italy Economy Seen Contracting Again, in Blow to Populists – Bloomberg
Italy’s economy probably shrank again this quarter, according to the country’s statistics office, complicating the populist government’s efforts to meet its fiscal commitments.
— Read on www.bloomberg.com/news/articles/2019-06-20/italy-economy-seen-contracting-again-dealing-blow-to-populists
Guindos Says ECB Ready to Act If Euro-Area Economy Deteriorates – Bloomberg
European Central Bank Vice President Luis de Guindos said the outlook for the euro-area economy has deteriorated and policy makers are ready to provide additional monetary stimulus if needed.
— Read on www.bloomberg.com/news/articles/2019-06-20/guindos-says-ecb-is-prepared-to-act-if-situation-deteriorates