Fed Vice Chair Michelle Bowman signaled openness to a rate cut as soon as the July FOMC meeting, should incoming data show continued progress on inflation and further signs of labor market fragility. In a speech today, Bowman noted that recent inflation readings have come in below expectations and appear to be on a “sustained…
The Ethereum, Dogecoin, and XRP prices have suffered significant losses over the last day, sparking a bearish outlook for these altcoins. This price crash comes amid the US Supreme Court decision, which keeps the Trump tariffs in place, and the lingering Israel-Iran conflict. Why Ethereum, Dogecoin, And XRP Prices Are Down CoinMarketCap data shows that…
Markets were adrift last week as traders grappled with intensifying global risks. The unresolved twin threats of a full-blown trade war and escalating Middle East conflict kept investors on the defensive. Despite some tentative diplomatic efforts, neither front showed meaningful progress, leaving equities vulnerable after months of sustained gains. With investor confidence fraying, global indexes…
Ongoing Israel-Iran tensions to keep risk sentiment in check. US core PCE and consumption data to offer much-needed distraction. CPI readings also due in Canada, Australia and Japan. Flash PMIs for June in the spotlight too amid tariff chaos. US data eyed amid doubts about economy and geopolitics There’s been some good news and bad…
S&P 500 rises 0.5% then pulls back to even on a volatile Friday session. About $6.5 billion in notional options trades expire on Friday. Accenture stock slips after quarterly bookings decline. Kroger stock gains over 7% as gross margin rises to multiyear highs. Fed’s Waller says he could see rate cuts at the July meeting….
Markets Market positioning about the near term Bank of England’s policy rate path has been quite volatile over the past months. Going into the May decision, investors expected the UK central bank to ditch its gradual rate cut cycle to give the economy additional backing going through the turbulent tariff period. They were wrongfooted. The…
Markets US headline retail sales dropped for a second consecutive month. May sales fell by 0.9% M/M while consensus expected a more modest contraction of 0.6%. Seven out of thirteen sales categories posted declines. For the likes of building materials (-2.7% M/M), gasoline (-2% M/M) and motor vehicles (-3.5% M/M), it’s…
Global Financial markets have endured months of turmoil, with overlapping concerns over the US debt downgrade, recession fears, and an intensifying global trade war. The sharp escalation in Middle East conflict last week has only deepened the anxiety, as Israel and Iran exchanged strikes, raising the specter of prolonged regional instability. With the 90-day reciprocal…
Risk sentiment improved last week, driven by the solid US non-farm payroll report that helped ease fears of a deepening slowdown. Adding to the optimism was a thaw in US-China relations. While no concrete breakthrough emerged, the fact that both sides were willing to engage again offered some relief to global markets weary of tariff…
The Federal Reserve is now facing a whopping $1.06 trillion in unrealized losses on its balance sheet. The New York Federal Reserve Bank, which handles the Fed’s bond transactions, just disclosed the losses, linking them to the central bank’s tight monetary stance. The Fed’s bonds are losing value as the bank maintains higher-for-longer interest rates…