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IMF’s Georgieva is on the wires saying:

• Real economies are functioning. Labor markets are quite strong

• We swee sharp increae in uncertainty, but fundamentals are still quite strong

• We do recognize that there is significang change in economic conditions, expect to see policy pivots in other areas including tax

• Asked by people are expecting recession, says its important to reduce whatever feeds into this perception quickly

• Financial markets are holding up despite all the nervousness.

• Negative perceptions can affect economic recovery

• Financial system holding despite all this nervousness

• India is now reducing non-tariff barriers, which is very healthy for the economy

• Strong U.S. economy is a stabilizer for the rest of the world

• Good to see elements of U.S. pro-growth agenda moving forward

• Asked about rising tensions between U.S. and China, says both parties have grievances

• Would like to see a reduction in uncertainty

• Important that the result is a fairer, rule-based global trading system

• We see a global slowdown, need to reduce uncertainty so businesses can plan

• EU should take this moment to finish work on single market.

• Trade tensions will force countries to focus more on regional trade.

• Likely to see more bilateral agreements.

• Asked about inflation, says doesn’t expect big swing in either direction.

• Saw ECB rate cut, they risk to see increasing cheap goods from other places.

• Says we are not prejudging where tariffs will land, may be some places where tariffs go down.

Comments are somewhat positive given global uncertainties on trade and tariff.

This article was written by Greg Michalowski at www.forexlive.com.

Earlier Pres. Trump railed on Fed Chair Powell (aka Too Late Powell) on Truth Social saying

Megan Messerly’s X post reports that Treasury Secretary Bessent has been warning privately that removing Fed Chair Jerome Powell could cause market instability. Trump is reportedly aware of this, so even though he’s upset with Powell again, Powell’s job appears secure for now according to Messerly.

Powell has continually said that he would not resign and others have said that Trump doesn’t have power to remove him anyway.

This article was written by Greg Michalowski at www.forexlive.com.

Energy stocks surge as healthcare giants make strides

Today’s market heatmap reveals a marked shift as energy stocks gain significant traction, while healthcare giants make noteworthy advances. Investors are navigating a dynamic landscape shaped by sector-specific drivers and macroeconomic influences.

⚡ Energy Sector: Powering Ahead

• ExxonMobil (XOM) and Chevron (CVX) lead the charge with gains of 2.34% and 2.38%, respectively, reflecting bullish sentiment around oil and gas exploration amidst fluctuating crude prices and geopolitical tensions.
• This renewed interest in energy could signal investor confidence in the sector’s long-term fundamentals, particularly as global demand patterns evolve.

🏥 Healthcare Sector: Resilience and Growth

• Eli Lilly (LLY) shines with a remarkable 12.96% increase, driven by positive news surrounding its drug pipeline, which boosts investor optimism in the pharmaceutical realm.
• Johnson & Johnson (JNJ) also posts a positive trajectory, with a 1.20% rise, underscoring the sector’s defensive appeal amidst market uncertainties.

📈 Broader Market Dynamics: A Mixed Bag

• While healthcare and energy see gains, semiconductors face pressure, notably Nvidia (NVDA), which dips by 3.76%, hinting at potential sector-specific hurdles.
• In technology, giants like Google (GOOG) and Meta (META) experience declines, reflecting mixed sentiment within communication services.

🔍 Market Sentiment and Strategic Insights

• The positive momentum in energy and healthcare suggests potential safe havens for investors seeking to hedge against broader market volatility.
• Traders may want to monitor further developments in these sectors, while keeping a cautious eye on technology stocks and semiconductor trends.
• With varying signals across sectors, diversifying portfolios could be a prudent approach to capitalizing on growth opportunities while mitigating risks.

Stay tuned to ForexLive.com for real-time updates and expert analyses to guide your investment strategy in today’s rapidly evolving markets.

This article was written by Itai Levitan at www.forexlive.com.

Anna Paulson will be the next Philadelphia Fed Pres. She will replace Patrick Harker who has been the Philadelphia Fed Pres. since July 1, 2015.

Paulson was the Chicago Fed research director. She will be the next president and CEO of the Federal Reserve of Philadelphia (which is the title of Harker).

Details from the Chicago Fed:

• Current Role:

  • Executive Vice President & Director of Research at the Federal Reserve Bank of Chicago

  • Leads research and policy analysis across monetary policy, banking, macro/microeconomics, and the regional economy

  • Attends FOMC meetings and serves on the Bank’s Executive Committee

• Expertise:

  • Specialist in financial markets and institutions, with a focus on the insurance industry

  • Research covers:

    • How households and firms respond to incomplete financial markets

    • Impact of institutions and economic crises on financial decision-making

  • Published in top journals: Journal of Political Economy, Review of Economics and Statistics, Review of Financial Studies

• Education:

  • B.A. from Carleton College

  • Ph.D. in Economics from the University of Chicago

• Career Highlights:

  • Joined the Chicago Fed in 2001 as an economist

  • Previously: Assistant Professor of Finance at Kellogg School of Management, Northwestern University

  • Promoted to Vice President in 2009; launched the Insurance Initiative analyzing financial stability and regulation in insurance

  • Became Associate Director of Research in 2017, then Director of Research in 2019

• Professional Involvement:

  • Past board member of:

    • Western Economic Association International

    • AEA Committee on the Status of Women in the Economics Professi

This article was written by Greg Michalowski at www.forexlive.com.