#etttts — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #etttts, aggregated by home.social.
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Fears of a sharp downturn in the global #economy have sent #markets convulsing again, w/action focused on #currencies & #bonds as the escalating #US – #China #TradeWar has investors fleeing #dollar-based assets.
Stock futures in Europe pointed to a subdued open but the Swiss #franc reached a 10-yr high & the #yen was its strongest in 6 months. #Gold prices resumed their march to successive record highs & the #euro rose to levels not seen since Feb 2022.
King dollar no more.
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"We've taken a step back & we're watching to see what the policies turn out to be & the ways in which they will affect the #economy. Then we'll be able to act. Fortunately, our policy stance is in a good place for us to do that." thanks to #Biden / #Bidenomics]
#TheFed, he added is in the same place as everyone else, awaiting clarity on policies.
[again, cuz shit is crazy]#ETTTTS #Trump #tariffs #inflation #recession #geopolitics #USpol
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#JeromePowell signaled that #TheFed would not be making any hasty decisions on #InterestRates.
"It's a good time to take a step back & let things clarify. That's why it's just too soon to say what the appropriate monetary policy response will be to these new policies. It is just too soon to say. We can't say with any confidence today." [cuz shit is crazy]
#ETTTTS #Trump #economy #tariffs #inflation #recession #geopolitics #USpol
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#JeromePowell says #TheFed does not forecast #recession probability.
"We don't actually, we don't make a probability forecast of how likely it is for there to be a recession, but many outside forecasters do, & many of them have raised the likelihood, …there's not much more I can say about that."
Powell stressed that he did not want to be part of a political discussion about #policy.
The Fed is not responsible for #trade, #immigration, fiscal or other policies.
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At the bottom of the FX pile are #Turkey's #lira & the #Indonesian #rupiah. The former is down nearly 7%, much of it after #Erdogan's main political rival was detained last week.
The rupiah, meanwhile, has hit its lowest since the 1998 Asian financial crisis amid worries about #Jakarta's finances & that it is sliding back towards #military domination.
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At the bottom of the FX pile are #Turkey's #lira & the #Indonesian #rupiah. The former is down nearly 7%, much of it after #Erdogan's main political rival was detained last week.
The rupiah, meanwhile, has hit its lowest since the 1998 Asian financial crisis amid worries about #Jakarta's finances & that it is sliding back towards #military domination.
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At the bottom of the FX pile are #Turkey's #lira & the #Indonesian #rupiah. The former is down nearly 7%, much of it after #Erdogan's main political rival was detained last week.
The rupiah, meanwhile, has hit its lowest since the 1998 Asian financial crisis amid worries about #Jakarta's finances & that it is sliding back towards #military domination.
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At the bottom of the FX pile are #Turkey's #lira & the #Indonesian #rupiah. The former is down nearly 7%, much of it after #Erdogan's main political rival was detained last week.
The rupiah, meanwhile, has hit its lowest since the 1998 Asian financial crisis amid worries about #Jakarta's finances & that it is sliding back towards #military domination.
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At the bottom of the FX pile are #Turkey's #lira & the #Indonesian #rupiah. The former is down nearly 7%, much of it after #Erdogan's main political rival was detained last week.
The rupiah, meanwhile, has hit its lowest since the 1998 Asian financial crisis amid worries about #Jakarta's finances & that it is sliding back towards #military domination.
