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It was a fairly straight-forward day in terms of 'what happened and why' in financial markets. The cosnensus ahead of Warsh was that he wouldn't offer much of a steer on rates and lean into ambiguity ...
The S&P 500 is at the lows of the day, down 21 poitns to 7709 in a reversal from the initial Fed reaction. There is a rumor going around that Warsh repeatedly referenced 'hikes' in his text to mess ...
Kevin Warsh cultivated a sense that he wasn't going to offer much on rates or the economic outlook and that created a backlash that he would be opaque. Instead, we got a guy who repeatedly hammered ...
Hammack spoke yesterday so this is a repeat. Warsh speaks at 10 am ET. Inflation will end year around 3% Does not see restrictive financial conditions Communicating Fed issues to public is part of the ...
Treasury Secretary Bessent will press G20 counterparts at a US-hosted meeting to cut Iran ties or risk exclusion from the dollar system, while pursuing growth and trade imbalance goals, a US official ...
Kansas City Fed President Jeffrey Schmid maintained his hawkish stance arguing that current interest rates are not restraining economic activity and reiterating Fed's goal of returning inflation to ...
The Bank of Japan will probably raise rates next month and again as early as January, former board member Seiji Adachi told Bloomberg, warning a hold could reignite a yen selloff and faster import ...
I'm surprised to see oil lower today. There is a real debate on how much oil Iran is blocking in the Strait but eventually it's a number that matters and the US has entered some kind of war of ...
Gold rallied after the US Treasury expanded its bond buyback program, lowering real yields and easing financial conditions. Market's focus now turns to Warsh's Jackson Hole speech where a dovish tone ...
New Zealand data soon. Despite the pick up in retail sales in Q1 today's data is expected to be much slower. Fuel prices rocketing will weigh.
Goldman Sachs says China's growth slowed to about 4% early in the third quarter, reviving hopes for monetary easing, even as Beijing's response so far has been limited to incremental support measures.
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