Copper/USD

The Federal Reserve's June policy meeting will mark a closely watched milestone for financial markets as newly installed Chair Kevin Warsh presides over his first Federal Open Market Committee (FOMC) gathering. The two-day meeting, scheduled for June 16-17, comes at a time when expectations for lower borrowing costs have largely evaporated amid persistent ...

It’s officially “Chairman” Kevin Warsh, not “chair.” The Federal Reserve website now lists Warsh as “chairman,” not “chair,” reversing the past 12 years when his predecessors Janet Yellen and Jerome Powell both chose to be called “chair.” Before Yellen, the term “chairman” was used exclusively. No law or regulation governs what a chair is called, leaving it ...

President Donald Trump on Friday said U.S. forces carried out a ⁠strike that killed Hector Rusthenford Guerrero Flores, also known as Niño Guerrero, the leader of Venezuelan prison ​gang Tren de Aragua. “At ​my direction, the ​United States Southern Command delivered a swift and lethal kinetic strike to successfully execute Nino Guerrero the infamous leader ...

The European Central Bank (ECB) raised key interest rates by 25 basis points this week. The question is whether the Swiss National Bank (SNB) and the Federal Reserve will respond similarly to the oil price shock. Markets are now pricing in higher rates for these central banks as well, but although the trigger is the same, the monetary policy responses are ...

The University of Michigan sentiment index has improved to 48.9 from 44.8 (consensus 46.0), but this remains at very weak levels by historical standards. The chart below suggests the latest reading should be consistent with consumer spending falling around 1.5% year-on-year. However, consumer spending is being driven by higher-income households who are ...

Markets head into the first Fed meeting run by new Chair Kevin Warsh with almost no idea what he thinks about the recent surge in job growth, the acceleration in inflation or the path of interest rates. And that may be by design. Warsh has strongly criticized Fed communications, saying they have led to policy errors and placed the Fed more at the center of ...

There's a worry that Warsh may take away some avenues of Fed communication that academics and Fed watchers seem to really like. That risks leaving the public more in the dark at a time when inflation and borrowing costs both are concerns, and there's anxiety around artificial intelligence and the economy. Warsh might address some of those issues Wednesday ...

Consumer sentiment may finally be recovering after falling to historic lows due to wartime price spikes. The University of Michigan’s latest survey of Americans, released Friday, showed that sentiment rose 9% to a preliminary reading of 48.9 early this month, the first increase since February, before the United States and Israel’s destabilizing war with ...

A federal judge in Washington on Thursday denied a prosecutor’s request to erase the record of the government’s legal losses during its attempt to investigate former Federal Reserve Chair Jerome Powell. Chief Judge James Boasberg, in a scathing order in D.C. District Court, replete with media quotes and links to a YouTube clip, denied a motion by the office ...

Cross-industry themes Real time indicators: look ahead to May 2026 Monthly GDP data Glossary Data sources and quality Related links Cite this statistical bulletin Print this Statistical bulletin Download as PDF 1.Main points In the three months to April 2026, compared with the three months to January 2026: Real gross domestic product (GDP) grew by 0.7%, ...