-
Fed Policymaker Comments Raise the Stakes for Inflation Data
On Monday, in a speech at the New York Association for Business Economics, Federal Reserve Governor Christopher Waller discussed the U.S. economic outlook and the implications for “monetary policy at a crossroads.” His remarks were more hawkish than many observers expected. Indeed, he’s the first voting member of the Federal Open Market Committee (FOMC) to publicly articulate a conditional path toward rate hikes this year – if we see another “hot” inflation reading. And on Tuesday, the U.S. Bureau of Labor Statistics (BLS) released the June Consumer Price Index (CPI) inflation data. The headline figure ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
The Producer Price Index for final demand fell 0.3 percent in June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.6 percent in May and 1.1 percent in April. (See table A.) On an unadjusted basis, the index for final demand increased 5.5 percent for the 12 months ended in June. The June decline in the ...
Trump on Fed: It is better to pause rates than to raise them. *TRUMP: WOULD LIKE TO SEE INTEREST RATES GO DOWN Trump: I think inflation at the year-end will be lower than it is now. Trump: I wish I could use tariffs faster. Trump: Oil price will yo-yo for a while.
US CENTCOM: : AT 6 A.M. ET TODAY, U.S. CENTRAL COMMAND FORCES BEGAN LAUNCHING A WAVE OF STRIKES AGAINST IRAN. - RTRS $CL
U.S. launches fresh wave of strikes on Iran, as analysts warn conflict risks becoming forever war The U.S. launched a fresh round of strikes on Iran early Wednesday morning, hours after President Donald Trump warned military strikes would intensify next week if Tehran does not cooperate in peace talks. U.S. Central Command said in a post on X on Wednesday that it had begun launching a wave of strikes against Iran at 6 a.m. ET. The strikes are designed to further degrade military capabilities Iranian forces have used to attack commercial shipping in the Strait of Hormuz, it said. Centcom had carried out more strikes against Iran on Tuesday. Tehran, meanwhile, has launched attacks on multiple Gulf countries. In an interview with Fox News on Tuesday evening, Trump hinted that the conflict was more likely to intensify than de-escalate as a fragile ceasefire agreed last month continues to fracture.