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Fed's Hammack Says It's 'Really Critical' To Act Now On Inflation — Warns Delaying Could Mean 'More Pain'
During a Dayton Area Chamber of Commerce event, Hammack said that she does not see any tension in the Fed’s dual mandate of maximum employment and stable prices.
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JPMorgan's David Kelly Expects Fed To Keep Interest Rates Unchanged After In-Line CPI Report — 'We Essentially Have Got Teflon Inflation In America'
During an interview with Bloomberg, Kelly said policymakers should let inflation cool on its own rather than trying to accelerate the process.
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IEF, RGTZ: Big ETF Outflows
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares 7-10 Year Treasury Bond ETF, where 44,700,000 units were destroyed, or a 8.8% decrease week over week. And on a percentage change...
Nasdaq News: Markets
CPI Report: Annual Inflation Rate Comes In At 3.4% In July, In Line With Expectations As Energy Prices Ease
The consumer price index rose 0.1% in July on a seasonally adjusted basis, after falling 0.4% in June.
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JPMorgan's David Kelly Says Labor Market Is Tight, Not Strong: 'American Business Can't Find Workers... American Workers Can't Find A Raise'
During an interview with CNBC, Kelly cited a decline of 1.3 million workers over the last year as evidence of the tight labor market conditions in the country.
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Trump Says He Won't Criticize Kevin Warsh Over Rate Decisions — Pushes For US To Have Lowest Interest Rates In The World
Trump argued that the current system unfairly rewards other countries despite the economic strength of the United States.
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BofA's Brian Moynihan Expects Fed To Hike Rates Three Times In 2026, Sees Inflation In 'Mid-2s' By End Of 2027
During an interview with CNBC, Moynihan said inflation had been easing before picking up again due to the effects of tariffs and the war on prices, adding that those pressures are now beginning to subside.
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Scott Bessent Defends US Intervention To Prop Up JPY — 'Very Important To Have A Stable Yen'
During an interview with CNBC, Bessent said that he believes that Japan will continue to put in place the right policies needed to get JPY to a more normal equilibrium price.
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Kevin Warsh's Fed Messaging ‘Was Not Defensible’, Says Jeremy Siegel After FOMC Meeting
Siegel argued that while the decision to leave interest rates unchanged was reasonable, Federal Reserve Chair Kevin Warsh failed to explain the economic framework behind it.
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S&P 500 Held Flat Last Month Despite Surging 10Y Treasury Yields — Wall Street's 'Dean Of Valuation' Says Risk Math Hasn't Changed
Despite the sharp increase in Treasury yields, the equity risk premium (ERP) has largely stayed stable, according to Aswath Damodaran, a professor of finance at NYU Stern School of Business.
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