The Monday Mix: Oct. 28 – Nov. 3, 2019

Headlines discussed at LNWM’s Monday morning briefing:

The Federal Reserve lowered its target interest rate for the 3rd time in 2019 (to between 1.5% and 1.75%); hinted no more cuts for a while.
The Fed is paying big banks 1.8% interest on their cash reserves limiting banks’ incentive to lend that money out short-term in the repo market.
China said it reached a consensus in principle with the US on “phase one” of a trade deal, which includes a pause in tariff escalation.
The US economy added 128,000 new jobs in October, indicating current economic expansion likely to enter its 12th year.
—  US manufacturing expectations rebounded in October (to 47.8 on the Index) after many months of decline, but are still indicating contraction.

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Stan Poltavets
Stan Poltavets
Stan, an investment associate at Laird Norton Wealth Management, specializes in ESG strategies and sustainable investing. He enjoys researching new ways that clients can invest in line with their values.