June Summary News Today

The last decade has shown us that the Fed clings to a bias very much in favor of ramming down interest rates again and again. This is what happened in the ten years of near-zero rates that followed the 2008 financial crisis.

The British Pound (GBP) halts last week’s fall against the buck (USD) and prints minuscule gains vs. the latter despite rising US Treasury bond yields

Overview: The US dollar is recovering today after it was sold following the jobs report before the weekend. It is enjoying a firmer bias against nearl

The Fed raised its benchmark rate by three-quarters of a percentage point to 3.00-3.25%, delivering the third straight 75 basis-point hike in an effort to curb strong inflationary pressures.

The big takeaway of August’s CPI report is that inflation remains high and broad-based — and that is likely to keep the Fed relatively aggressive.

<p><span>Thank you, Klaus, and thank you for the invitation to speak at this workshop, which I have been attending since its very beginning in 2004. Something that I love about this conference that has kept me coming back almost every year is its tradition of open inquiry and even some fun, on the one hand, combined with rigorous, critical analysis, on the other. I am a supporter, and I guess a practitioner, of rigorous criticism, because, as you may have heard, the conference award ...

As expected, the FOMC raised the policy rate by 75 bps, while there has been a pick up in recessionary fears among market players.

Powell signals more rate hikes coming, while markets detect pivot

<p><span>Thank you, Mike, and thank you to the Global Interdependence Center for the invitation to speak to you today. Let me start at the place that all remarks about U.S. monetary policy should start, which is with the Federal Reserves dual mandate of maximum employment and price stability.</span></p>

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero