Joe Tigay's blog

1/11/2019 Morning Brief


Yesterday, Federal Reserve Chairman Jerome Powell predicted no recession in 2019 and said the U.S. central bank will be patient in determining when to hike interest rates. Fed Vice Chairman Richard Clarida also said the Fed could afford to take a wait-and-see stance on interest rates if headwinds to the economy from financial markets or global growth prove persistent. Economic Reports: At 8:30 am ET the much watch Consumer Price index will be released for December. At 1:00 pm ET the Baker Hughes Rig Count numbers are to be released.