Supply Chains: Confidence Shock and Economists Investors

supply chains: That concern among manufacturers, in particular the threat to their global supply chains, prompted the Fed to indicate at our last meeting we were looking at changing rates, according to The Japan Times. The Fed open the door last month to cutting the benchmark lending rate, and economists and investors are convinced it will happen at the end of July. While sentiment has recovered some in recent weeks, businesses around the country have been telling the Fed about their concerns about material prices and access to supplies, Powell told a Senate committee. ; Business confidence surveys turned quite negative in May when Trump's trade negotiations with China collapsed amid bitter accusations and was a bit of a confidence shock, he said. Powell confirmed that the Fed is considering adjusting its stance to help the economy continue to grow. It's very important this expansion continue as long as possible, Powell said. The bottom line is the economy is in a very good place and we want to use our tools to keep it there. (news.financializer.com). As reported in the news.