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Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee hit markets on an already-volatile Friday with more bad news, noting that inconsistent policy approaches from the US government cause a high level of economic uncertainty that make it difficult for the Fed to draw a bead on where the ec

EUR/USD rebounds sharply to near 1.0350 as US President Trump postpones his ordersof tariffs on Canada and Mexico for 30 days. Trump’s intentions to impose tariffs on China remain intact. The ECB is expected to cut interest rates three times more this year. EUR/USD bounces back from the intraday low

Outlook The calendar includes the usually important ISM manufacturing survey (and Dec construction spending as well as auto sales), but everything takes second seat to Trump. We await various outcomes of the stunning trade war Trump has started. Mexico has yet to announce its response, and China see

As an economist, I marvel at how the economy works, and at the same time, how fragile it is. To some extent, our economy is a confidence game. It works as long as people have confidence in it working. When that confidence fades, we all pay a cost. Right now, Trump’s tariff policies are putting that

Gold & currencies rally in the overnight markets. The LBM is short physical Gold. Good Day... And a Tub Thumpin' Thursday to one and all! I had a better day than the previous day with my stomach yesterday, so I'm very thankful for the little things! I sat outside reading in the warm sun for hour