MAGA Loyalty in Iowa Plus: Warsh's relationship with Trump; Democrats' midterm prospects; pregnancy is apparently a spectrum; and more... Reason · Sep 18
What Could the Fallout Be to the Fed's Rate Hike? How long will it be until Fed Chairman Warsh hears the words most are expecting, the one's his boss is known for, "You're fired"? Barchart · Sep 17
Stocks Tumble as Fed Hikes Interest Rates and Signals More to Come The S&P 500 Index ($SPX ) (SPY ) closed down by -0.45% on Wednesday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down by -1.21%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.02%. E-mini S&P futures (ESU26 ) fell -0.42%, and September E-mini Nasdaq... Barchart · Sep 16
Three Things to Watch For on Fed Wednesday There is a lot of debate about what the Fed will do with interest rates later today. To me, there are three key things to keep an eye on. Barchart · Sep 16
US Fed’s dual challenge: Will rising inflation and soaring bond yields force Warsh into first rate hike in 3 years? The US Federal Reserve is expected to raise interest rates by 25 basis points, with markets pricing in a high probability of a hike after inflation remained elevated and oil prices stayed above $100 a barrel. The move could push Treasury yields higher, pressure global equity valuations and weigh on… The Economic Times · Sep 16
Dollar girded by bets on a US hiking cycle On Wednesday, the dollar maintained its recent strength against leading currencies as traders eagerly awaited the Federal Reserve's anticipated interest rate hike. A rise of 25 basis points seems to be the consensus among market players. Meanwhile, the yen surged significantly amid discussions of intervention and repatriation, while other Asian… The Economic Times · Sep 16
'The bond market has taken down more governments than howitzers': Scott Bessent cuts Kevin Warsh some slack ahead of anticipated rate meeting "Look, the president understands—he and I have talked about it quite a bit—... the bond market has taken out more governments than howitzers." Fortune · Sep 14
Stocks Finish Mostly Lower as Rising Crude Boosts Bond Yields The S&P 500 Index ($SPX ) (SPY ) closed down by -0.33% on Monday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down by -0.70%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.08%. E-mini S&P futures (ESU26 ) fell -0.28%, and September E-mini... Barchart · Aug 31
Dollar Slips on Dovish Bessent Comments The dollar index (DXY00 ) fell by -0.28% on Monday. The dollar settled lower on Monday, consolidating below last Friday’s 2-week high. Comments from US Treasury Secretary Bessent weighed on the dollar Monday when he said the Fed traditionally doesn’t raise interest rates in response to a supply shock, suggesting... Barchart · Aug 31
Stocks Fall as Rising Geopolitical Risks Boost Crude Oil and Bond Yields The S&P 500 Index ($SPX ) (SPY ) is down by -0.50% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down by -0.67%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.29%. E-mini S&P futures (ESU26 ) are down -0.48%, and September E-mini... Barchart · Aug 31
Dollar Weakens on Strength in the Chinese Yuan The dollar index (DXY00 ) is down by -0.16% today. The dollar is modestly lower today, consolidating below last Friday’s 2-week high. Today’s rally in the Chinese yuan to a 3.5-year high is undercutting the dollar. However, losses in the dollar are limited today as WTI crude oil climbs more... Barchart · Aug 31
Stocks Pressured as Soaring Crude Prices Boost Bond Yields The S&P 500 Index ($SPX ) (SPY ) is down by -0.42% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down by -0.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.23%. E-mini S&P futures (ESU26 ) are down -0.40%, and September E-mini... Barchart · Aug 31
Was the Commodity Complex a Case of More of the Same Monday? A look at the headlines Monday morning gives us more fighting in the Middle East, threats in Europe, and continuing debate over Chairman Warsh's comments. Barchart · Aug 31
Stocks Fall as Hawkish Warsh Boosts Fed Rate Hike Chances The S&P 500 Index ($SPX ) (SPY ) closed down by -0.25% on Friday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down by -0.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -0.70%. E-mini S&P futures (ESU26 ) fell -0.25%, and September E-mini... Barchart · Aug 28
Barchart · Aug 28 Hawkish Fed Chair Warsh Boosts the Dollar and Sinks Gold The dollar index (DXY00 ) rallied to a 2-week high on Friday and finished up by +0.61%. The dollar jumped on Friday on hawkish comments from Fed Chair Warsh, who warned inflation isn’t meaningfully slowing and vowed that policymakers will return inflation to their 2% target. The chance of a...
Barchart · Aug 28 Stocks Rally as Fed Chair Warsh Vows to Tackle Inflation The S&P 500 Index ($SPX ) (SPY ) is up by +0.37% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.18%. E-mini S&P futures (ESU26 ) are up +0.40%, and September E-mini...
Barchart · Aug 28 Dollar Rallies and Gold Falls on Hawkish Fed Chair Warsh The dollar index (DXY00 ) rallied to a 1-week high today and is up by +0.41%. The dollar jumped today on hawkish comments from Fed Chair Warsh, who warned inflation isn’t meaningfully slowing and vowed that policymakers will return inflation to their 2% target. The chance of a Fed rate...
Barchart · Aug 28 Stocks Mixed Ahead of Fed Chair Warsh The S&P 500 Index ($SPX ) (SPY ) is up by +0.17% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.18%. E-mini S&P futures (ESU26 ) are up +0.10%, and September E-mini...
Barchart · Aug 27 Dollar Finishes Slightly Higher Ahead of Fed Chair Warsh The dollar index (DXY00 ) rose to a 1-week high on Thursday and finished up by +0.03%. The dollar found some support on Thursday after weekly US jobless claims unexpectedly declined, signaling strength in the labor market. Also, hawkish comments on Thursday from Kansas City Fed President Jeff Schmid and...
Benzinga · Aug 14 Peter Schiff Says Kevin Warsh Talks About 'Fighting' Inflation, but He Is 'Creating' It: 'If the Fed Was Serious...' Veteran economist Peter Schiff said Federal Reserve Chair Kevin Warsh‘s inflation-fighting rhetoric doesn’t match the central bank’s actions after the Fed’s balance sheet jumped by more than $11 billion last week.
Benzinga · Aug 7 Former Fed Economist Claudia Sahm Warns Kevin Warsh Could Invite Burns-Nixon Comparisons: 'We Should Not Have to Rely on Anonymous Sourcing' Former Federal Reserve economist Claudia Sahm criticized reports citing anonymous sources to explain Fed Chair Kevin Warsh‘s policy thinking, saying the public should not have to rely on unnamed officials to understand the central bank’s direction.
Barchart · Aug 6 Stocks Settle Lower as Middle East Tensions Rise The S&P 500 Index ($SPX ) (SPY ) closed down -0.18% on Thursday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.85%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.39%. September E-mini S&P futures (ESU26 ) fell -0.18%, and September E-mini Nasdaq futures...
Barchart · Aug 6 Dollar Rallies on Solid US Economic News and Soaring Crude Prices The dollar index (DXY00 ) rose by +0.26% on Thursday. The dollar rallied on Thursday amid favorable US economic news. Weekly jobless claims rose less than expected, Q2 nonfarm productivity rose more than expected, and Q2 unit labor costs rose less than expected. Gains in the dollar accelerated on Thursday...
Barchart · Aug 6 Stocks Waver on Mixed Earnings and Chipmaker Strength The S&P 500 Index ($SPX ) (SPY ) today is up +0.07%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.26%. September E-mini S&P futures (ESU26 ) are up +0.13%, and September E-mini Nasdaq futures...
Barchart · Aug 6 Dollar Gains on Favorable US Economic News The dollar index (DXY00 ) is up by +0.17% today. The dollar is moving higher today on some favorable US economic news. Weekly jobless claims rose less than expected, Q2 nonfarm productivity rose more than expected, and Q2 unit labor costs rose less than expected. The dollar also has support...