DAX

Milford, MI

For reasons I find totally baffling, markets keep trying to price a hawkish Fed. As of Friday, they put a 40 percent probability on a 25 basis point hike for this Wednesday. That’s nuts because core CPI inflation for June was extremely well behaved, which is in line with my basic intuition that there’s no overheating and that - if anything - it’s deflation ...

Total orders for durable goods received by manufacturers in the US, including aircraft and defense, ticked up by 0.3% seasonally adjusted in June from May (blue line). Year-over-year, not seasonally adjusted, total orders jumped by 8.9%, to $360 billion, according to data from the Census Bureau today. The three-month average, seasonally adjusted, which ...

President Donald Trump on Monday voiced support for Federal Reserve Chairman Kevin Warsh while insisting that the U.S. should have the lowest interest rates in the world. While backing his choice to lead the central bank, Trump questioned the motives of other members of the Fed’s Board of Governors for not wanting to ease monetary policy. “Kevin’s ...

Trump: Rates Should Be Lowered Trump States Warsh Is Focused On Making Good Decisions. Trump Believes Warsh Will Make The Right Decision, Claiming He Understands Warsh's Desires. Trump Praises Warsh But Mentions He Has A Board To Consider On Federal Reserve Rates.

Let’s get this out of the way right away: It’s highly unlikely the Federal Reserve will raise interest rates when policymakers meet this week after the latest data showed inflation has slowed. Plus, the five task forces that new Fed Chair Kevin Warsh announced, to much fanfare, to review the central bank’s methods and operations are just getting going. ...

Durable goods orders in the United States grew by 0.3% in June compared to the previous month to a total of $334.8 billion, the Census Bureau said in a report on Monday. The figure was much lower than expected by analysts. New orders increased by 0.6% excluding transportation and 0.3% excluding defense. The rise was driven by computers and electronic ...

Wildfires are ravaging southern France and spreading into Spain, forcing more than 300,000 people to flee ahead of further expected heatwaves during the week. French President Emmanuel Macron is set to hold a crisis cabinet meeting on Monday, while Spain’s Prime Minister Pedro Sanchez will visit areas hit by fires in Valencia, in the East of Spain. The ...

French Finance Minister: Impact Of These Wildfires Is Like 'thunder' Hitting The Economy

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