Few analysts expected the index to reach the milestone so soon, but many see reasons for the gains to continue. Source: NYT > Business – Matt Phillips
Trump Dealt the Fed a Losing Hand. Now It’s Powell’s Play.
The Fed may create political waves no matter what it does with rates at its meeting this month. The central bank’s thinking will be clearer this week. Source: NYT > Business – Jeanna Smialek
Global Recession Risks Are Up, and Central Banks Aren’t Ready
The world’s monetary authorities have limited policy space, and it’s unclear whether their backup plans will suffice to bolster growth and inflation. Source: NYT > Business – Jeanna Smialek, Jack Ewing and Ben Dooley
Trade War May Be Slowing Business Spending and Factories, Fed Says
A report by Federal Reserve officials said that United States economic activity increased at a “solid pace” in early 2019, but that risks still loomed. Source: NYT > Business – Jeanna Smialek
What to Expect From the June Jobs Report
Economists are looking for a rebound from May’s weak figure, but too big a bounce could rattle the markets. Source: NYT > Business – Ben Casselman
Fed Chair Jerome Powell Emphasizes Independence as Trump Attacks Persist
Fed Chair Jerome H. Powell underlined the central bank’s insulation from politics and kept the door open for interest rate cuts as uncertainties loom. Source: NYT > Business – Jeanna Smialek