Fed Begins Review of Large Bank Capital Rule; Texas Instruments Stock Plunges on Tariff-Induced Demand Fears; China’s June Coal Imports Decline Steeply, Led by Indonesia • The Federal Reserve began a sweeping undertaking on Monday to re-write regulations at banks, as a day-long conference at the Fed focused on simplifying more stringent guidelines established since […]

U.S.–Japan Tariff Deal & Market Reaction • Nikkei 225 surged over 3% after a major U.S.–Japan trade deal was announced.• The U.S. will impose a reduced 15% import duty on Japanese goods—down from the initially threatened 25%.• Steel and aluminum remain subject to higher tariffs despite the new agreement.• Trump claims the deal will create […]

Treasury Chief Bessent Demands Fed Review, Defends Powell’s Term; Fed Officials Emphasize Independence in Face of White House Criticism; US Gasoline Prices May Dip Below $3/Gallon This Summer • US Treasury Secretary Scott Bessent has called for a comprehensive review of the Federal Reserve’s non-monetary policy operations and its headquarters renovation plan, arguing that “mission […]

Markets Hold Breath Ahead of Earnings and Trump’s Trade Deadline • Asia Starts Mixed: Tokyo reopens with gains after PM Ishiba vows to stay in power despite election losses.• Yen Strengthens: JPY rises on political continuity, though sentiment remains fragile.• Wall Street Momentum: S&P closes above 6,300 for the first time; Nasdaq hits another record.• Tariff […]

US Prioritizes Trade Deal Quality Over August 1 Deadline; Treasury Secretary Calls for Fed Review; European Earnings Highlight Tariff Risks; Japan’s PM Ishiba’s Future in Doubt Following Election Backlash • The Trump administration is prioritizing the “quality” of trade deals over the August 1 deadline for new tariffs, US Treasury Secretary Scott Bessent said. He […]

ECB, Fed, BoE: Who Will Blink First? • The 25bp Obsession Is Being QuestionedCentral banks still move in small steps. But in a world of fixed-rate mortgages and corporate hedging, this slow approach may no longer be effective. • Bank of England Struggles to Find Middle GroundHawks oppose any cut, doves want a bold one. […]

Markets Brace for PMI and ECB Signals: Is a Euro Rate Shift Coming? Euro Rates Outlook• The European Central Bank (ECB) meets on July 24, but no rate cut is expected — the focus is on forward guidance.• Markets are split between a September or December cut; the ECB must tread carefully to manage expectations.• […]

Fed Official Suggests July Rate Cut Despite Resilience; Trump to Unveil AI Action Plan Easing Regulation; China Aims to Enjoy “Healthy” Trade Relations with US; JGB Sell-off Driven by Japan Election • Despite indications of resilience in the US economy, Fed/Waller reinforced his proposal for a 25 basis point cut in the interest rate in […]

Powell Panic, EU Budget and UK Jobs • Powell’s (Non-)Firing Shakes MarketsYesterday market believed President Trump was firing Fed Chair Jerome Powell.EUR/USD jumped 1.3% and US yields moved sharply.Trump later denied it, and markets fully reversed the move.This shows growing market resistance to political noise and headline risks. • Macro Data in FocusProducer Price Index […]

Trump Spins on Powell Ouster (with Caveat); House Approves Crypto Legislation Following GOP Roadblock; TSMC Reports All-Time High Profit on AI Boom; Chinese Steelmakers Dodge Tariffs • President Donald Trump delivered conflicting messages regarding the fate of Federal Reserve Chairman Jerome Powell, stating it’s “highly unlikely” he would be fired “unless he has to resign […]