1.0Verbank Advisors & Agriculturehttps://verbank.luverbankfarmshttps://verbank.lu/author/verbankfarms/rich600338<blockquote class="wp-embedded-content"><a href="https://verbank.lu/july242017/">US + Brazil Financial News (7/24)</a></blockquote> <script type='text/javascript'> <!--//--><![CDATA[//><!-- /*! This file is auto-generated */ !function(c,d){"use strict";var e=!1,n=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},!c.wp.receiveEmbedMessage)if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(t)if(t.secret||t.message||t.value)if(!/[^a-zA-Z0-9]/.test(t.secret)){for(var r,a,i,s=d.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),n=d.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),o=0;o<n.length;o++)n[o].style.display="none";for(o=0;o<s.length;o++)if(r=s[o],e.source===r.contentWindow){if(r.removeAttribute("style"),"height"===t.message){if(1e3<(i=parseInt(t.value,10)))i=1e3;else if(~~i<200)i=200;r.height=i}if("link"===t.message)if(a=d.createElement("a"),i=d.createElement("a"),a.href=r.getAttribute("src"),i.href=t.value,i.host===a.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener("message",c.wp.receiveEmbedMessage,!1),d.addEventListener("DOMContentLoaded",t,!1),c.addEventListener("load",t,!1);function t(){if(!n){n=!0;for(var e,t,r=-1!==navigator.appVersion.indexOf("MSIE 10"),a=!!navigator.userAgent.match(/Trident.*rv:11\./),i=d.querySelectorAll("iframe.wp-embedded-content"),s=0;s<i.length;s++){if(!(e=i[s]).getAttribute("data-secret"))t=Math.random().toString(36).substr(2,10),e.src+="#?secret="+t,e.setAttribute("data-secret",t);if(r||a)(t=e.cloneNode(!0)).removeAttribute("security"),e.parentNode.replaceChild(t,e)}}}}(window,document); //--><!]]> </script><iframe sandbox="allow-scripts" security="restricted" src="https://verbank.lu/july242017/embed/" width="600" height="338" title="“US + Brazil Financial News (7/24)” — Verbank Advisors & Agriculture" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe>UNITED STATES   After a lull last week, this week will be busy with three major events/data releases (FMOC rate decision, Q2-GDP inc. PCE deflator, durable goods orders); a battery of indicators on home sales and housing prices; new data on employment costs.  Wednesday, July 26: FMOC rate decision: No rate change, but look for: (a) acknowledgement that job growth improved and that the recovery remains robust; (b) recognition that inflation declined further and is a problem, at least in the short-run. Yellen and others at the Fed-Wash distinguish, seemingly, two paths, one for rates and another for balance sheet adjustment. The puzzle of low inflation, of the failure of wage growth to pick up at a faster pace, and of imperfect transmission from wage growth to prices, all point to moderation in rate increases. The market has given up on September, and is doubting December. Likely, the Statement will keep December in play. Meanwhile, regarding the balance sheet, Fed officials point to the economy and financial conditions, alone. So, there is less doubt: Q2 GDP should be above trend (see below) and indices of financial conditions show improvement, in part due to the weaker USD. Balance sheet adjustment is nearby, and […]