Copper/USD

Fed's Hammack: The inflation is still too high, the Fed may need to consider rate hikes HAMMACK: WILL GO INTO FED MEETINGS WITH OPEN MIND, WON'T PREJUDGE OUTCOMES Fed's Hammack: It's important that central bankers are transparent about the reaction function

The number of job openings was unchanged at 7.6 million in May, the U.S. Bureau of Labor Statistics reported today. Hires were unchanged at 5.2 million, while total separations changed little at 5.1 million. Within separations, quits (3.1 million) changed little, while layoffs and discharges (1.7 million) were unchanged. This release includes estimates of ...

"April’s figures confirm that U.S. home prices remain essentially flat, with the S&P Cotality Case-Shiller National Home Price Index up a scant 0.8% year over year, just above March's 0.7% pace," said Nicholas Godec, CFA, CAIA, CIPM, Head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices. "With inflation accelerating to 3.8% in April, U.S. ...

This summer, two markets are running simultaneously: one financial, one sporting. While financial markets react daily to macroeconomics and geopolitics, the sporting market — currently represented by the football World Cup — unfolds across 16 venues in the US, Canada and Mexico, with 48 nations competing for a trophy and an expected 6bn global viewers. ...

In June, the KOF Economic Barometer increases by 2.6 points to a level of 101.2 (after revised 98.6 in the previous month). On the production side, the positive developments are particularly apparent among the indicators within manufacturing. On the demand side, both the indicator bundles for foreign demand as well as for private consumption show a ...

This post was meant to be a deep dive into the inflation data. Mostly, it still is. But this morning, the Supreme Court ruled in Lisa Cook's favor, blocking her removal from the Fed over unproven allegations. So monetary policy stays guided by data, like inflation, employment, and in the hands of the Fed, not the President. The same day's events also ...

CNBC's Frank Holland is joined by Jim Bullard, former president of the Federal Reserve Bank of St. Louis, to discuss the Supreme Court's ruling that President Trump does not have the authority to fire Federal Reserve Governor Lisa Cook from the central bank for now as well as what may be next for monetary policy.

China’s manufacturing activity picked up faster than expected in June buoyed by strong demand for high-tech exports amid global AI boom. The official purchasing managers’ index edged up to 50.3 in June, beating economists’ forecast of 50.1, returning to the expansionary territory above the 50-point threshold. The index stood at 50 in May. The ...

Gasoline Retailers must get their Prices down, IMMEDIATELY! They’re too high considering that Oil is now at $68 a Barrel, and heading south. The Retailers must quickly react to this statement, and do what they know is right — DROP YOUR PRICE FOR OUR GREAT AMERICAN PEOPLE! There will be no gauging, which is totally illegal. If Retailers don’t do this, big problems lie ahead! Start targeting around the $2.50 a Gallon number, and California should stop charging such heavy Taxes on their Gasoline. Soon the Tax will be higher than the Product itself, and the United States will not stand for it, nor will the People of California, who are being abused by these ridiculous Taxes, and by their own Government. President DONALD J. TRUMP

TRUMP AUTHORISES TEMPORARY SUSPENSION OF CERTAIN DUTIES ON PHOSPHATE FERTILIZER IMPORTED FROM MOROCCO - WHITE HOUSE Declaration of Emergency and Authorization for Temporary Duty Free Importation of Phosphate Fertilizer from Morocco 1. Fertilizers are an essential component of agriculture and food production. Producers of corn, soybeans, wheat, and a variety of other crops need phosphate fertilizers to ensure strong crop yields to feed the population. Food production is critical to human health, farm security, and to the function of major sectors of the economy, and even isolated interruptions in food production can have serious health and economic consequences. Robust and reliable food production is therefore critical to the economic and national security of the United States. 2. During the planting and growing season, soil and crops require critical nutrients, including the phosphorus supplied by phosphate fertilizers, and in the coming months, farmers will apply more than half of annually consumed phosphate fertilizers between the fall and very early spring prior to next spring’s planting. To ensure a stable food supply, predictable and timely sources of phosphate fertilizer must be procured to meet United States demand, which requires adequate supply of phosphate fertilizer, a critical type of plant food.