DOGE/USD

The U.S. current-account deficit resulting from international economic transactions widened by $5.8 billion, or 2.6 percent, to $226.8 billion in the first quarter of 2026, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised fourth-quarter deficit was $221.1 billion. The first-quarter deficit was 2.9 percent of ...

*BESSENT: SEE NON-INFLATIONARY ECONOMY ACCELERATION REST OF YEAR *BESSENT: YOU CAN HAVE STRONG DOLLAR WHEN RATES ARE BEING CUT US Treasury Secretary Bessent: I don't think anyone should do Fed dot projections US Treasury Secretary Bessent, on Fed: I applaud Warsh for eliminating forward guidance US Treasury Secretary Bessent: In February, thought inflation would be close to 2% by mid-summer

Iranian Parliament Speaker Mohammad Bagher Ghalibaf said on Wednesday that the Islamabad memorandum of understanding with Washington turned into “a declaration of US defeat,”

CNBC's Matt Peterson reports on news regarding the Federal Reserve.

CNBC's Matt Peterson reports on news regarding the Federal Reserve.

For the first time since 2023, most Americans think it's a better idea to buy a home than rent or move in with relatives. Fifty-three percent of respondents surveyed by Bank of America said it was better to buy a home now, up from 48% last year and 47% in 2024. Other measures of attitudes toward homeownership, such as the percentage of respondents who say a ...

The search for a new president of the Federal Reserve Bank of Atlanta — now entering its seventh month — is being watched carefully for how new Fed Chairman Kevin Warsh intends to reshape the interest rate-setting Federal Open Market Committee. That process has shifted as Warsh has begun to put his stamp on the central bank. The Fed was considering ...

Macungie, PA

This morning we found out that Euro-area business activity shrank less than anticipated in June (Services up/beat, Manufacturing down/miss). S&P Global’s Composite PMI rose to 49.5 from 48.5, topping estimates but remaining below the 50 mark that indicates growth. "The eurozone economy is showing enough resilience to just about stay out of recession." ...

Kevin Warsh feels strongly that the Fed should stop micromanaging markets. In fact, he feels so strongly about this that last week’s FOMC statement dropped its forward guidance, he didn’t contribute to the infamous “dot” plot, and refused to answer any and all questions in the press conference on the path ahead for monetary policy. You can debate whether ...