Economic indicators

Existing home sales and the Federal Reserve Bank of Richmond’s manufacturing index support a 25 basis point Fed rate cut next week.

While Federal Reserve officials made it clear they intend to cut interest rates at their July 30-31 meeting, not all of the regional presidents are on board with this move.

With a rate cut all but certain at this month’s Federal Open Market Committee meeting, the discussion has again turned to the magnitude.

With the neutral rate of interest rate extremely low, New York Fed President John Williams suggested the keys are acting quickly and keeping rates lower longer.

The economy was chugging along at about the same pace from mid-May through early July as it had in the previous period, according to the Federal Reserve’s Beige Book.

Federal Reserve Board Chair Jerome Powell added little to his recent Congressional testimony, so despite strong retail sales data, it appears the Fed will cut rates later this month.

The Empire State Manufacturing Survey’s general business conditions index turned positive in July.

Federal Reserve Chair Jerome Powell’s testimony before Congress this week made it seem a rate cut at the end of the month is a done deal.

After President Trump's criticism, the Fed Chairman told the Senate Banking Committee a move would be based on what’s best for the economy.

With the economy strong, Federal Reserve Bank of Philadelphia President Patrick Harker said interest rates should be held for now.