PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia is pointing to several financial headlines today and how they could impact Americans, including possible interest rate cuts, the global economy and ongoing tariff and trade talks with both Mexico and China.
Celia discusses these and other global and economic headlines on his daily, three-hour “Financial Issues” program, heard on about 650 television and radio stations nationwide.
“St. Louis Federal Reserve President James Bullard said yesterday that interest rate cuts may be warranted soon,” Celia said. “That would give us some indication it could be before September or the first part of September. He cited risk from trade and weak U.S. inflation as the reasons that the Fed could support such a move. San Francisco Fed President Mary Daly said the global economy is slowing and the circumstances surrounding the U.K. eventually leaving the European Union have also affected economic activity. This is something I have been concerned about for some time. The global economy, particularly the Eurozone, is something I’ve been referencing for a very long time. I’m also concerned about the banking system and the financial structure of the European Union and how that will impact the U.S. So we have more issues than just trade.
“But trade is extremely important, and it looks like Mexican President Andres Manuel Lopez Obrador says he’s ready to ramp up immigration enforcement to end any kind of trade war,” he continued. “A delegation will be here Wednesday, as we head into estimates right now of 1 million immigrants coming into the U.S. by the end of the year; 600,000 of those immigrants will be family units. Obviously, this will be costly for our government services and our economy overall.
“It looks like manufacturing is still in expansion mode, though down very slightly, with construction and spending down a bit year over year as we continue to watch some important data that will come out this week,” Celia concluded. “The rhetoric coming out of China, and the U.S. for that matter, seems to be settling down a bit, and that could be good news.”
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