The Treasury curve continues to make escalating even decisive bull moves. It's not difficult to see why, as another global consumer company admits its having trouble selling its products and in this case to the more well-to-do segment. In addition, former Fed members are urging immediate rate cuts openly wondering if it might be too late. One neighboring central bank is waiting to find out, unleashing another cut of its own and saying there are surely more coming.
Eurodollar University's Money & Macro Analysis
CNBC World’s largest luxury group LVMH slumps 4% after second-quarter revenue miss
https://www.cnbc.com/2024/07/24/worlds-largest-luxury-group-lvmh-slumps-5percent-after-reporting-revenue-miss.html
Bloomberg LVMH Shows the Luxury Sector Is in Pain
https://www.bloomberg.com/opinion/articles/2024-07-24/what-lvmh-tells-us-about-luxury-s-financial-prospects
Bloomberg I Changed My Mind. The Fed Needs to Cut Rates Now.
https://www.bloomberg.com/opinion/articles/2024-07-24/the-fed-needs-to-cut-interest-rates-now
WSJ Bank of Canada Cuts Policy Rate to 4.5%, Frets Over Downside Risks
https://www.wsj.com/articles/bank-of-canada-cuts-policy-rate-to-4-5-frets-over-downside-risks-78a7a81b
Bank of Canada Policy Statement
https://www.bankofcanada.ca/2024/07/fad-press-release-2024-07-24/
Bank of Canada Press Conference
https://www.bankofcanada.ca/multimedia/press-conference-monetary-policy-report-july-2024/
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.