AUD/NZD

Gregory Daco, chief economist at EY-Parthenon, says he thinks the Federal Reserve won't move on interests rates for the rest of this year. Daco talks about what he wants to see from the new Chairman Kevin Warsh. Daco speaks on "Bloomberg Surveillance."

We’re back to reading tea leaves! Hooray! Next week the Federal Reserve will have its second meeting since Kevin Warsh officially took the helm. And, at this point, the outcome is far from certain, which is unusual given that ever since Ben Bernanke instituted “forward guidance” the market usually knew what to expect. Warsh does not think “forward guidance” ...

This release refers to trade in goods only. In June 2026, compared with June 2025: goods exports rose by $1.6 billion (25 percent), to $8.1 billion • goods imports rose by $1.7 billion (28 percent), to $8.1 billion • the monthly trade balance was a surplus of $23 million. charts Goods exports rose by $1.6 billion (25 percent) in June 2026 (to $8.1 ...

F/m Investments’ Washington, D.C., office is just a short drive from the Federal Reserve’s headquarters. But under the central bank’s new leadership, CEO Alexander Morris has found the distance feeling far greater. Fed Chairman Kevin Warsh embarked on an overhaul of the central bank’s forward-looking communication since taking the post in May. That move ...

Over the past several years, Wall Street and Washington, D.C., have grown used to being able to reliably predict what the Federal Reserve would do at its interest-rate meeting, weeks before the gathering took place. But now we're in a new era. Instead of guiding the market toward the likely outcome of the upcoming meeting, the new Fed chair, Kevin Warsh, ...

This is an unusual time for markets, with a reasonable debate for both sides on whether the next move by central banks will be to hike or cut interest rates. Certainly, markets are leaning to at least one hike by the Fed and perhaps half of one by the Bank of Canada by the end of 2026, but there’s not much conviction. All it would take to wash away those ...

A Hudson Bay Capital think piece by Roubini and Miran is normally a five-alarm macro bin fire, except their latest also has the highly respected Peter Ireland as co-author. The paper, A return to monetarism?, reads very much like something Peter would write and nothing at all like anything Roubini or Miran have produced before. But if Peter has brought them ...

Markets are pricing in at least one more interest-rate increase from the U.S. Federal Reserve this year following hotter inflation data and a more hawkish tone from policymakers. Consumer prices rose 3.5% in the year through June, less than markets expected and a slowdown from 4.2% in May, which was the highest annual increase in three years. Meanwhile, new ...

Kevin Warsh is a man of catchphrases: task force, first principles, a good family fight. Catchphrases can be useful if we all attach the same meaning to them. Two days of hearings before Congress this week clarified that when Warsh commits to “price stability,” he attaches a different meaning to it than the rest of the Fed does. When I read “the Committee ...

The following table sets out the key percentage changes in monthly and annual prices. We compare June 2026 with May 2026 for the monthly percentage change, and June 2026 with June 2025 for the annual percentage change. tables The stock and flow measures of rental property prices for April, May, and June 2026 months are now final. Since the publication of ...