WH Adviser Kudlow: Fed Chair Powell is ‘throwing out Fed models for economy’

White House economic advisor Larry Kudlow recently crossed the wires saying that the Fed Chair Powell was ‘throwing out Fed models for the economy,’ as reported by Reuters.

Key quotes

  • China has yet to respond to US’ requests over trade.
  • Trump will probably meet with Xi at G20.

USD/JPY drops to 112 as Wall Street slips on US-China trade conflict headlines

The USD/JPY pair came under a renewed selling pressure in the early NA session as the weakening market sentiment allowed the JPY to gather strength as
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Atlanta Fed: GDPNow estimate for real GDP growth in Q3 edges down to 3.9%

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is 3.9 percent on October 17, down from
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