Fed Governor Lisa Cook warned on July 15 that she is prepared to raise rates if inflation does not ease, with US prices running 3.7% year-on-year — five years above the 2% target.
Tag: Federal Reserve
Posted inMarkets
Softer June CPI Eases Rate-Hike Bets, Lifting Stocks and Gold
US June inflation came in at 3.5% annually with core CPI at 2.6%, pushing the S&P 500 up 0.38% to 7,543 and gold nearly 2% higher to $4,080 an ounce on Tuesday.
Posted inEconomy
Warsh heads to Congress as June CPI data lands minutes before his testimony begins
Fed Chair Kevin Warsh delivers his first semiannual monetary policy address to Congress on July 14–15, with June inflation data scheduled for release just 90 minutes before the House hearing opens.
Posted inEconomy
Warsh and Lagarde bury forward guidance at Sintra as inflation stays too high
The heads of the Fed, ECB, Bank of England and Bank of Canada agreed at Sintra to abandon explicit rate signalling, leaving markets to trade on data rather than guidance.
Posted inMarkets
Dow closes at record 52,900 as gold tops $4,182 on June payrolls miss
The Dow hit a record 52,900 on 2 July and gold surged to $4,182 as the June jobs miss slashed the odds of a Federal Reserve rate hike at its 29 July meeting.
Posted inEconomy
US payrolls miss at 57,000 in June as participation hits a five-year low
June 2026 payrolls rose by just 57,000, less than half the 113,000 consensus, as US labour force participation fell to 61.5% — its lowest since March 2021.
Posted inEconomy
US economy expanded 2.1% in Q1 2026 but corporate confidence warns of a rougher second half
The Bureau of Economic Analysis confirmed 2.1% annualised GDP growth in the first quarter of 2026 on June 25, a rebound from Q4’s 0.5%, even as CEO surveys signal gathering headwinds ahead.
Posted inEconomy
US May PCE hits 4.1%, highest since April 2023, as core inflation accelerates
The Fed’s preferred inflation gauge rose 4.1% year-on-year in May 2026, the fastest pace in over three years, while core PCE climbed to 3.4% — its highest since late 2023.
Posted inEconomy
Fed holds rates and removes forward guidance in Warsh’s hawkish debut
At his first FOMC meeting on June 17, Kevin Warsh held rates at 3.5–3.75% and stripped forward guidance, with nine of 18 officials now projecting at least one rate hike in 2026.
Posted inEconomy
Warsh holds rates but nine officials signal a 2026 hike, sending stocks lower
The Fed kept the funds rate at 3.50–3.75% on June 17 in Warsh’s first FOMC meeting as chair, but a hawkish dot plot rattled markets and pushed the S&P 500 down 1.2%.