Provide hints of whether the Bank Of Japan provide hints of whether the bank ofjapan will continue to remain an outlier and keep Interest Rates ultra low. Earlier, spoke to fidelity international s Catherine Yeung, who told me china is facing a confidence problem. Just this lack of confidence both within the Consumption Sector as well as the corporate sector. So if fact last friday we had julys M2 Money Supply and aggregate Financial Data released and it was marginally weaker than expected. So tomorrow, in fact, we have this element of operations all the expectations are for no cuts in the benchmark, generally speaking, we could see a slight increase in probability of a ten basis point rate cut. So again policy isnt going to outright change, it is going to be this continuing tweaking to be this continuing tweaking to be accommodated. Be this continuing tweaking to be accommodated. Tomorrow we will aet be accommodated. Tomorrow we will get some be accommodated. Tomorrow we will get some
provide hints of whether the bank of japan provide hints of whether the bank ofjapan will continue to remain an outlier and keep interest rates ultra low. earlier, spoke to fidelity international s catherine yeung, who told me china is facing a confidence problem. just this lack of confidence both within the consumption sector as well as the corporate sector. so if fact last friday we had july s m2 money supply and aggregate financial data released and it was marginally weaker than expected. so tomorrow, in fact, we have this element of operations all the expectations are for no cuts in the benchmark, generally speaking, we could see a slight increase in probability of a ten basis point rate cut. so again policy isn t going to outright change, it is going to be this continuing tweaking to be this continuing tweaking to be accommodated. be this continuing tweaking to be accommodated. tomorrow we will aet be accommodated. tomorrow we will get some be accommodated. tomorrow we will get
fox business host. gentlemen, thank you for being here. larry, i know you just came from the tree lighting out there. that looked fun. yes. bret: how do you see the economy right now, listening to the fed, listening to what you re hearing from the administration? larry first. then steve. well, i think a bunch of leading indicators are pointing down right now. so i don t think the economic outlook is very good. the fed will keep tightening. to, to be as factual as i can be, the index of leading indicators is falling big-time, bret. the m2 money supply is falling big time. there s a lot of warnings about profits. the inflation rate is still running ahead of wages. these are not positive things. interest rates are standing on their head. short-term rates are higher than long-term rates. these are not good signals for the future economy. i hate to say that, with