Headlines discussed at LNWM’s Monday morning briefing:
— The European Central Bank is expected to cut interest rates this fall, in light of dowturn in manufacturing and other indicators.
— Global demand for OPEC oil is forecast to a 16-year-low in 2020 (26 million barrels a day), as US oil production continues to climb.
— US consumer prices rose 0.3% in June, the fastest pace since Jan. 2018, and labor market tightened further, indicating economic strength.
Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.