June 27, 2019—Facebook’s June 18 announcement about the launch of Libra, a proposed new cryptocurrency, has sparked a renewed interest in the digital currency world. Libra is intended to be a new form of digital money that can be used to make purchases or transfer funds, domestically and globally, at a very low cost, using just a mobile phone.
June 20, 2019 – The Federal Reserve left rates unchanged at its meeting this week, but as we expected it would, it hinted that rate cuts may be coming soon. The Federal Open Market Committee (FOMC) kept an optimistic stance, saying it still expects economic growth to continue, the labor market to remain strong, and for inflation to remain subdued, but that the “uncertainties around this outlook have increased.
June 6, 2019 – After closing out the month of May on a sour note due to sharply escalating U.S. trade tensions with both China and Mexico, the equity market rallied sharply on Tuesday in response to comments from Fed officials that were perceived as being more open to the possibility of rate cuts going forward. Chair Powell mentioned in a speech this week that the Fed would “act as appropriate to sustain the expansion,” while the St.