1.0Verbank Advisors & Agriculturehttps://verbank.luverbankfarmshttps://verbank.lu/author/verbankfarms/rich600338<blockquote class="wp-embedded-content"><a href="https://verbank.lu/july52017/">US + Brazil Financial News (7/5)</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/july52017/embed/" width="600" height="338" title="“US + Brazil Financial News (7/5)” — Verbank Advisors & Agriculture" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe>UNITED STATES   Friday is payrolls day. We will also have ISM-Manuf and Non-Manuf for June. The minutes from the June 13-14 FOMC meeting are out on Wednesday. In addition to the expected rate hike, the statement, implicitly, carried a hawkish tilt, de-emphasizing three consecutive months of below-expectations inflation. The FOMC seems to think that inflation is on track for 2% in 2018. It kept the dots basically as they were in March, and announced the start of balance-sheet reductions, a schedule of caps for the runoff of Treasuries and MBS. The minutes will help us understand these positions. Meanwhile, the economy shows small surprises with Q2 GDP tracking at about 2.2%saar. Fed speakers: St. Louis Fed President Bullard (non-voter); San Francisco Fed President Williams (non-voter); Fed Governor Powell on “Housing Finance Reform;” and Vice Chair Fischer on labor productivity. The Fed will also publish its July 2017 Monetary Policy Report to Congress. Monday, July 3: ISM manufacturing, June (consensus 55.2, last 54.9). Regional surveys were positive: The Empire State (+20.8pt to +19.8), Richmond Fed (+6pt to +7), Kansas City Fed (+3.0pt to +11), and Chicago PMI. The note of caution was the result of the Philly Fed (-11.2pt to +27.6), admittedly […]