Dan Celia: Tariff Talks, Interest Rates and Housing Making Financial News This Week
PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia is speaking on his three-hour “Financial Issues” program today that continuing tariff talks, interest rates and housing will all make an impact in the financial sector this week.
Celia discusses these and other global and economic headlines daily on “Financial Issues,” which is heard on more than 650 radio stations plus several television networks nationwide.
“June is still on track to be one of the best months in the markets since January, but according to U.S. Commerce Secretary Wilbur Ross over the weekend, President Trump is ready to proceed with tariffs on the remaining 300 billion of Chinese goods,” Celia said. “He did say the U.S. will eventually make a deal, but if we don’t, the president is ‘perfectly happy’ continuing the tariff movements he’s already announced, as well as imposing new ones that are temporarily suspended. This, of course, creates tension, and we will be watching this very closely, but I’m more concerned with the underlying fundamentals of the economy that continue to slip. In fact, it looks as though business sentiment is slipping, and that’s a cause for some concern, along with a number of other factors that will likely be announced during the earnings reporting season for the second quarter.
“The Federal Reserve starts their meeting on Tuesday, and at 2 p.m. Wednesday, we will hear a decision on interest rates followed by a press conference from Jerome Powell,” Celia added. “By the way, last week’s job openings were still very hefty for the month of April—7.45 million job openings. That is an amazing number, and it continues to persist even as business sentiment slips a bit. Today, we’ll also see the NAHB home builder survey, along with housing starts on Tuesday and existing home sales on Friday. So the theme this week is housing, along with whatever the Federal Reserve might decide to do.”
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