Weekly Market Snapshot – July 15, 2019
Created by: Sam Tenney
- Federal Reserve Chairman, Jerome Powell, testified before congress on 7/11/2019. Powell cited slowing business investment, low inflation, and uncertainties in trade agreements as reasons to “act as appropriate” and sustain the current economic expansion. Rate cut expectations remain at 25 basis points for the July Federal Reserve meeting.
- European zone industrial production rose for the first time since January jumping .9%. With stronger economic data the bond market yields may start to trend upward again.
- Core Consumer Price Index (CPI) rose slightly to 2.1% for June. ³
- Europe has created a workaround for the Society for Worldwide Interbank Financial Telecommunications (SWIFT) system in order to move money into Iran with the creation of the Instrument in Support of Trade Exchanges (INSTEX).
We are here to answer any questions and we thank you for your friendship and trust.
Please note by using any of the links provided for your convenience, you will be leaving Fidelis Wealth Advisors website. The hyperlinks are to websites and servers maintained by third parties. We do not control, evaluate, endorse, or guarantee content found in those sites. Your use of such sites is at your own risk.
This blog is general communication being provided for informational purposes only. This information is in no way a solicitation or offer to sell securities or investment advisory services. It is educational in nature and not to be taken as advice or a recommendation for any specific investment product or investment strategy. This does not contain sufficient information to support an investment decision. Any investment or investment strategy mentioned may not be suitable for all investors or in their best interest. Statistical information, quotes, charts, references to articles or any other quoted statement or statements regarding market or other financial information is obtained from sources which we believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. All rights are reserved. No part of this blog including text, graphics, et al, may be reproduced or copied in any format, electronic, print, et al, without written consent from Fidelis Wealth Advisors, LLC. Fidelis Wealth Advisors does not provide legal or tax advice. Please be advised to consult with your investment advisor, attorney or tax professional before making any investment decisions.